Industry News

Borrowers rush market despite rising interest rates

Real estate purchases, refis jump in latest survey
Published on Jun 14, 2006

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by CareyBot

Overall mortgage applications climbed 7 percent last week on a seasonally adjusted basis from the week before, with refinancings fueling the growth, the Mortgage Bankers Association reported today. The seasonally adjusted purchase index increased by 4.8 percent to 414.6 from ...