Industry NewsMortgage

Fed action pushes refis up 82%

Survey: Borrowers choosing fixed loans over adjustable
Published on Mar 26, 2008

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by CareyBot

Mortgage application volume jumped 48.1 percent last week following the Federal Reserve’s move to cut two key short-term interest rates, the Mortgage Bankers Association reported today. According to MBA, the seasonally adjusted increase was led by an 82.2 percent spike ...