Industry NewsMortgage

Ease in rates fails to spur home loan apps

Decline in refis drives 1.5% drop for week
Published on Aug 20, 2008

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by CareyBot

Interest rates eased but a drop in refinancing activity pushed mortgage applications down a seasonally adjusted 1.5 percent during the week ending Aug. 15 from a week ago, the Mortgage Bankers Association said.

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