Tag Archive | “U.S. Mortgage Bankers Association”

Fall in US Mortgage Applications As Refinancing Loses Steam

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On Wednesday, data from an industry group showed that for the first time in four weeks, U.S. mortgage applications fell, this has happened due to a drop in demand for home refinancing loans as interest rates jumped up.

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Applications for loans to buy a home were flat which are considered as an early indicator of sales. Lack of interest for purchase loans does not bode well for the hard-hit U.S. housing market, which has been otherwise showing good signs that the housing market is gradually stabilizing.

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September 2011
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