CHICAGO (MarketWatch) -- The volume of mortgage applications filed last week decreased by 2.7%, coinciding with a week-to-week drop in interest rates on fixed-rate loans, the Mortgage Bankers Association said Wednesday.
Also on a seasonally adjusted basis, volume was up 0.4% compared with the same week in 2006, according to the group's weekly survey for the week ended Sept. 28.
Applications filed for loans to refinance existing mortgages were down 3.8% last week compared with the previous week. Home purchase mortgage applications slipped a seasonally adjusted 1.8%.
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Also on a seasonally adjusted basis, volume was up 0.4% compared with the same week in 2006, according to the group's weekly survey for the week ended Sept. 28.
Applications filed for loans to refinance existing mortgages were down 3.8% last week compared with the previous week. Home purchase mortgage applications slipped a seasonally adjusted 1.8%.
Read more . . . www.marketwatch.com/news/sto...tory.aspx
