Industry News

Borrowers jump back into real estate

Home loan apps rebound after 2-week slump
Published on Jun 13, 2007

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by CareyBot

Despite steadily climbing interest rates, mortgage application activity last week rose for the first time since mid-May, the Mortgage Bankers Association reported today. Hefty declines in refinancings had kept the market composite index — a measure of home loan application volume — in ...