Industry News

Rising rates cut further into real estate purchases

Home-buying sinks for second week in MBA survey
Published on Apr 19, 2006

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by CareyBot

Overall mortgage applications slid 1.7 percent last week on a seasonally adjusted basis from the week before, as interest rates continued to climb, the Mortgage Bankers Association reported today. The seasonally adjusted purchase index decreased by 2.7 percent to 407.4 ...