Industry News

Mortgage applications tumble in latest survey

Borrowers deterred as rates post largest increase in months
Published on Feb 20, 2008

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by CareyBot

Mortgage application volume posted a sharp drop last week as long-term interest rates gained considerably, the Mortgage Bankers Association reported today. The group’s market composite index, a measure of home loan application volume, fell 22.6 percent last week on a ...

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