Industry NewsMortgage

Demand for refis remains strong

Applications up 141% from a year ago
Published on Apr 1, 2009

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by CareyBot

Applications for mortgages grew by 3 percent last week, as demand for refinance loans at low interest rates remained strong.

Purchase loans were essentially flat, but applications for refinance loans were up 3.7 percent for the week ending March 27, the Mortgage Bankers Association said today in releasing its Weekly Applications Survey.