Industry News

Real estate purchases hit downtrend

Slight dip in interest rates provides no impetus
Published on Apr 26, 2006

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by CareyBot

Overall mortgage applications fell 3.7 percent last week on a seasonally adjusted basis from the week before, taking the Mortgage Bankers Association’s purchase loan index to a 2-1/2-year low, the group reported today. The seasonally adjusted purchase index decreased by ...