Industry NewsMortgage

Mortgage rates rebound

Demand for purchase loans returns to year-ago level
Published on Mar 15, 2012

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by CareyBot

Signs that an economic recovery remains on track sent mortgage rates rebounding from record lows this week, but the cost of home loans isn't expected to soar.

Purchase loan applications have picked up lately, to about the same level as seen at the same time a year ago.

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