New Mortgage Applications

Despite rock bottom interest rates, mortgage applications fell 15% for the week ending October 14 with purchase money loans hitting their lowest level in 15 years, according to new figures compiled by the Mortgage Bankers Association.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_456/new-mortgage-apps-ugly-readings-1027043-1.html

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