Industry News

Rising rates cut into real estate refinancings

Borrowing costs reach highest level in 4 years
Published on Jun 21, 2006

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by CareyBot

Overall mortgage applications dipped 0.8 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 increased by 0.1 percent to 414.8 ...