Summer of recovery? There is no recovery but the one existing in Obama’s delusional mind.
…Back to Google NewsMortgage applications fall 4.4 percent last week
(AP)
1 day ago
WASHINGTON Applications for home loans fell last week despite the lowest mortgage rates in decades.The Mortgage Bankers Association said Wednesday that overall applications fell 4.4 percent from a week earlier. Applications to refinance home loans dropped 5.9 percent. Those taken out to purchase homes rose 2 percent. The numbers are seasonally adjusted.Mortgage rates have been at or near record lows since mid-April. Concerns about European debt problems have prompted investors to buy U.S. Treasury bonds. That has lowered the yield on Treasurys. Mortgage rates tend to track that yield.The average rate for a 30-year fixed loan rose to 4.69 percent last week from 4.59 percent a week earlier, according to the trade group’s report. The rate for a 15-year fixed loan rose to 4.12 percent from 4.05 percent a week earlier.Refinance applications made up 78 percent of total applications, down from 79.4 percent a week earlier.The…
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The Associated Press: Mortgage applications fall 4.4 percent
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