Industry News

Borrowers pull back from home purchase loans

Refinancings climb as interest rates slide in latest survey
Published on Jul 25, 2007

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by CareyBot

Mortgage applications decreased last week, while mortgage rates also slipped, according to the latest survey from the Mortgage Bankers Association trade group. The market composite index, a measure of mortgage application volume, fell 3.6 percent on a seasonally adjusted basis ...

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