Industry News

Rates rise, borrowers rush real estate market

Refis, adjustable loans lose market share
Published on Apr 5, 2006

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by CareyBot

Overall mortgage applications increased 7.2 percent last week on a seasonally adjusted basis from the week before, as interest rates climbed significantly, the Mortgage Bankers Association reported today. The seasonally adjusted purchase index increased by 8.4 percent to 438.2 from ...