Industry NewsMortgage

Refi applications plunge 30%

Demand at 7-month low
Published on Jul 1, 2009

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by CareyBot

Applications for mortgage refinancings fell 30 percent last week to their lowest level since November, the Mortgage Bankers Association said.

The MBA's Weekly Mortgage Applications Survey for the week ending June 26 also showed a seasonally adjusted drop of 4.5 percent from the previous week.

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