Industry News

Rates rise, borrowers rush to refinance

Latest survey finds purchase loans on the decline
Published on Aug 16, 2006

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by CareyBot

Overall mortgage applications rose 1.4 percent last week on a seasonally adjusted basis from the week before, taken higher by a jump in refinancings, the Mortgage Bankers Association reported today. Although the seasonally adjusted purchase index decreased by 0.8 percent ...

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