Demand for mortgages off as rates rise
Refinancings account for 2 in 3 applications
By Inman News, Wednesday, October 21, 2009.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.
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