Purchase Apps Up But Refinancings Sink

Application volume fell by 1.2% on a seasonally adjusted basis for the week ended Nov. 18, as purchase apps were up to their highest level since August, but refinancings were down to their lowest point since July, according to the Mortgage Bankers Association. The data for the previous week (Nov. 11) was adjusted to take into account Veterans Day.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_483/purchase-apps-up-1027588-1.html

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