Industry News

Real estate refinancings plummet

Borrowers not motivated by falling interest rates
Published on Nov 23, 2005

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by CareyBot

Overall mortgage applications declined 3.4 percent last week on a seasonally adjusted basis from the week before, as refinancings fell for the fifth consecutive week, the Mortgage Bankers Association reported today. The seasonally adjusted purchase index decreased by 1.2 percent ...

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