Industry News

Real estate purchases drop

Refi share of activity shrinks to nearly 2-year low
Published on May 10, 2006

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by CareyBot

Overall mortgage applications declined 5.8 percent last week on a seasonally adjusted basis from the week before, with refinancings taking the biggest hit, the Mortgage Bankers Association reported today. The seasonally adjusted purchase index decreased by 3.9 percent to 416.5 ...