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ARM Applications Continue To Dwindle While Rates Inched Up

By admin | September 26, 2007

Frank Nothaft, Freddie Mac iniquity president and chief economist commented that, "Mortgage rates were mainly unchanged in the previous week, with long-interval rates lingering at decrease levels not seen since May. The recent give in mortgage rates has brought in an increased measure of mortgage applications, according to the Mortgage Bankers Association, and pushed the appropriation of applications for refinancing to the highest rate since April.

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Topics: Mortgage News |

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