iBankCoin
Joined Nov 11, 2007
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Mortgage Applications Surged Last Week as Rates Fell

“NEW YORK (Reuters) – Applications for home mortgages rebounded last week after three straight weeks of declines as interest rates tumbled, data from an industry group showed on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage applicationactivity, which includes both refinancing and home purchase demand, jumped 14.8 percent in the week ended March 1. The index hit its highest level since mid-January….”

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