Posted on August 20, 2009 - by admin

Mortgage Applications Rise as Interest Rates Fall to a Five-Week Low

Real Estate News & Commentary by Chris McLaughlin, August 20, 2009 Mortgage applications rise as interest rates fall to a five-week low According to the Mortgage Bankers Association (MBA), its seasonally adjusted index of mortgage applications - which includes both purchase and refinance loans - rose 5.6% to a reading of 527.0 for the week ended August 14. The increase was due to a drop in loan rates — the rate on 30-year fixed-rate mortgages, excluding fees, dropped 0.23% from the p

Original post: 
Mortgage Applications Rise as Interest Rates Fall to a Five-Week Low