Refi Apps Spike as Rates Decline

The huge sell-off in the stock market on Aug. 4 capped a week of declines in the Dow Jones Industrial Average which in turn helped to push the average contract rate on the 30-year fixed-rate mortgage down another 8 basis points that week.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_407/refi-apps-spike-rates-decline-1026060-1.html?CMP=OTC-RSS

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