Industry News

Home buying cools in latest survey

Drop-off in loan apps coincides with rising interest rates
Published on Feb 13, 2008

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by CareyBot

Mortgage application volume dwindled last week as interest rates increased, the Mortgage Bankers Association reported today. The group’s market composite index, a gauge of home loan application volume, fell 2.1 percent last week on a seasonally adjusted basis from the ...

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