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Loan Modification
: Mortgage Lender Implode-o-MeterU.S. MBA Mortgage Applications Index Declined 11% Last Week
By Implode-Explode Heavy Industries
Mortgage applications in the U.S. declined last week as the biggest jump in mortgage rates since June led to a fifth straight drop in refinancing.
The Mortgage Bankers Association?s index fell 11 percent in the week ended April 2. The Washington-based group?s refinance measure plunged 17 percent, while the purchase gauge rose 0.2 percent.
Full post as published by Mortgage Lender Implode-o-Meter on April 07, 2010 (boomark / email).
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