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By admin | September 30, 2009
Mortgage rates remained below 5% for the second week in a row, yet the low rates fail to spur increased appetite for refinancing, new loans, or purchases, an industry survey said Wednesday.
The Mortgage Bankers Association said the average rate for a 30-year mortgage fell three basis points to 4.94% in the week ending September 25 ― the lowest rate since early May. Yet, even with the $8,000 tax credit for first-time home purchasers expiring soon, loan applications decreased by 2.8% in the week....(a href="http://www.mortgagenewsdaily.com/09302009_mba_mortgage_applications.asp"read more/a)img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=110050" width="1" height="1"
Topics: Mortgage News |
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