Industry NewsMortgage

Demand for mortgages off as rates rise

Refinancings account for 2 in 3 applications
Published on Oct 21, 2009

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by CareyBot

Applications for mortgages fell 13.7 percent on a seasonally adjusted basis last week as interest rates on fixed- and adjustable-rate mortgages inched up, the Mortgage Bankers Association said in releasing the results of its Weekly Mortgage Applications Survey.