Industry News

Refis, home purchases fall in latest survey

Cheaper loans not enough to drive activity
Published on Oct 3, 2007

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Applications for home purchase and refinance loans declined last week even as long-term interest rates dropped, the Mortgage Bankers Association reported today. The market composite index, a measure of total mortgage application volume, last week sank 2.7 percent on a ...