Mortgage Rates Drop Slightly but Loan Applications Way Down from 2007 Levels
Mortgage interest rates broke through the gridlock of
the final few weeks and, with the exception of one-year adjustable rates,
moved lower.
Mortgage activity as measured by the volume of loan
applications increased by a marginal 0.5 percent on a seasonally
adjusted basis from a week earlier and decreased by
unadjusted. Volume was down 31.2 percent compared to the same week in
2007.
Original post by Mortgage News Daily - Mortgage And Real Estate News
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