Tag Archive | “one-year adjustable mortgage”

Despite Lower Mortgage Rates Mortgage Applications Drop

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According to a survey of mortgage lenders that has been released this morning, less people are applying for mortgage loans either to purchase a home or to refinance their existing mortgage loan .

mortgage applications

Mortgage applications to refinance fell 0.8 percent

It has been reported by a weekly survey conducted by the Mortgage Bankers Association reported that mortgage applications to refinance fell 0.8 percent from a week ago in the week that has ended on September 25, while mortgage applications to purchase homes has shown a drop up to 6.2% from the prior week.

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September 2011
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