Industry News

Rates rise, refis surge

Borrowers hold off on home purchases in latest survey
Published on Oct 25, 2006

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by CareyBot

Overall mortgage applications gained 0.5 percent last week on a seasonally adjusted basis from the week before, taken higher by an upswing in refinancings, the Mortgage Bankers Association reported today. The seasonally adjusted refinance index increased by 1.8 percent to ...