Industry News

Rates plummet, home loan apps soar

Borrowers take action as 30-year fixed hits 14-month low
Published on Dec 6, 2006

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by CareyBot

Overall mortgage application volume increased 8.1 percent last week on a seasonally adjusted basis from the week before, inspired by a significant drop in interest rates, the Mortgage Bankers Association reported today. The seasonally adjusted refinance index increased by 13.7 ...