Lower Rates Spark Increase in Mortgage Applications
Mortgage applications increased nearly 12 percent
during the week ended November 7 compared with the week ended October 31
according to the Weekly Mortgage Applications Survey conducted by the
Mortgage Bankers organization (MBA). The increase on a seasonally
adjusted basis was 11.9 percent and on an unadjusted basis was up 10.5
percent. Compared with the same week in 2007 however, applications
activity was down 40.0 percent.
Original post by Mortgage News Daily - Mortgage And Real Estate News
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