Industry News

Real estate loan applications fall 5.5%

Borrowers hold off as interest rates climb
Published on Oct 11, 2006

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by CareyBot

Overall mortgage applications sank 5.5 percent last week on a seasonally adjusted basis from the week before, the Mortgage Bankers Association reported today. The seasonally adjusted purchase index decreased by 5.3 percent to 383.3 from 404.6 one week earlier, and ...