Industry News

Real estate purchases slump

Economist says decline was expected
Published on Nov 2, 2005

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by CareyBot

Overall mortgage applications dropped 4.8 percent last week on a seasonally adjusted basis from the week before, according to the Mortgage Bankers Association’s latest survey. The seasonally adjusted purchase index decreased by 6.2 percent to 437.6 from 466.4 the previous ...

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