Mortgage Applications Rose Almost 6.5% Last Week

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The MBA or Mortgage Bankers Association said yesterday that mortgage applications rose almost 6.5% last week.

The MBA reported some other findings as well. The refinance index climbed 9% while the ARM or adjusted rate mortgages fell to only 7% of all total applications.

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The MBA reported that interest rates rose in the summer and that is why the number of new home sales dropped and refinances dropped as well.

The interest rates dropped in the past few weeks bringing the market back in line and home sales and applications have increased.

Christian

Christian

Christian Calvin mortgage Christian is a contributing writer for Mortgage.info. He is a graduate from the University of Tennessee with a degree in Communications and a concentration in Broadcasting. Christian has served as vice-president for a privately-held company for more than 20 years. Additionally, he has also applied his writing and business knowledge to various websites with a focus on business and sports news . . . both of which are passions. Christian enjoys playing golf and spending time with his family and friends.

Contact: christian@mortgage.info
Christian

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