Industry NewsMortgage

Low rates don’t jolt home purchases

Demand for refis at highest level since April 2009
Published on Jun 30, 2010

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by CareyBot

Applications for purchase loans were down 3.3 percent for the week ending June 25, but demand for refinancings picked up 12.6 percent from the previous week with mortgage rates at or near record lows, the Mortgage Bankers Association said in releasing the results of its Weekly Mortgage Applications Survey.