Industry News

Real estate refinancings hit 4-year low

Purchase loans benefit from lower interest rates in latest survey
Published on Jun 7, 2006

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by CareyBot

Overall mortgage applications tumbled 1.4 percent last week on a seasonally adjusted basis from the week before, as refinancings fell for the third consecutive week, the Mortgage Bankers Association reported today. The seasonally adjusted purchase index increased slightly to 395.6 ...