Purchase mortgage applications fell slightly as rates spiked
New purchase mortgage applications dropped 0.3% last week according to the Mortgage Bankers Association Weekly Mortgage Applications Survey. Rates rose substantially late in the week, almost a half percent for Fixed Rate Mortgage (FRM) rates, probably accounting for some of the drop. Refinance applications were up 12.5% which is indirectly good news for [...]
October 16 2008, 12:34am | Original Link »
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