MBA: Despite Ultra Low Rates, Applications Off 5%

Although mortgage rates continue to test new all-time lows, applications took a tumble last week, a sign that consumers continue to be spooked by uncertainty in the overall economy.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_426/ultra-low-rates-apps-off-1026444-1.html

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