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Loan Modification
: The Truth About Mortgage.comRefinances Up, Purchases Down, Again
By scot184
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For the fourth straight week, refinance applications increased while purchase activity slowed, according to the latest survey from the Mortgage Bankers Association.
Overall, mortgage loan application volume increased 0.9 percent on a seasonally adjusted basis during the week ending May 28.
The refinance index was up 2.4 percent week-to-week, while the purchase index decreased 4.1 percent from [...]Full post as published by The Truth About Mortgage.com on June 02, 2010 (boomark / email).
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