Industry News

Falling interest rates fuel home-buying spree

Adjustable loans gain market share in latest MBA survey
Published on Jul 6, 2006

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by CareyBot

A drop in interest rates last week pushed overall mortgage applications up 5.9 percent on a seasonally adjusted basis from the previous week, the Mortgage Bankers Association reported today. The MBA’s seasonally adjusted purchase index increased by 6.5 percent to ...

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