Industry News

Refi applications plunge 30%

Survey: Borrowers face fifth week of rising interest rates
Published on Feb 27, 2008

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by CareyBot

A huge drop-off in refinancings pushed overall mortgage application volume down 19.2 percent last week, the Mortgage Bankers Association reported today. According to MBA, the index that tracks refinancings declined 30.4 percent last week, following a 27.9 percent drop the ...