Mortgage applications rose 3.0% last week: MBA (Market Watch)
Story date: 2008-03-05 04:25:31
Added on: 2008-03-05 06:00:55
The volume of applications filed for mortgages went up a seasonally adjusted 3.0% last week, coinciding with a big drop in interest rates charged on fixed-rate mortgages, according to the Mortgage Bankers Association's latest survey. Applications to refinance existing loans rose 4.5% for the week ended Feb. 29 compared with the previous week.
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