Industry NewsMortgage

Falling rates fuel home-buying spree

MBA: Rate-drops steepest on 30-year fixed, 1-year ARM loans
Published on May 7, 2008

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by CareyBot

Lower interest rates helped fuel a rush on mortgage applications last week, sending application volume up 15.6 percent from two weeks ago, the Mortgage Bankers Association reported today. According to the trade group, a 19.3 percent jump in the index ...