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Real Estate & Property Law

: Housing Wire

Apps Soar as Mortgage Rates Decline, But Questions Remain

By DIANA GOLOBAY

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Weekly mortgage application volume soared 112.1 percent on a seasonally-adjusted basis, following the Fed’s announcement that it would begin buying agency MBS, according to data released Wednesday morning by the Mortgage Bankers Association. The group’s composite index of purchase and refinancing application activity rose sharply to 857.7 for the week ending Nov. 28, a shortened week [...]

Full post as published by Housing Wire on December 03, 2008 (boomark / email).

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