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Loan Modification

: Mortgage Lender Implode-o-Meter

purchase apps rise as refinance demand falls

By Implode-Explode Heavy Industries

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"?Purchase applications increased last week, reaching the highest level since the end of May. However, purchase activity remains well below levels seen prior to the expiration of the homebuyer tax credit, and is almost 40 percent below the level recorded one year ago,? said Michael Fratantoni, MBA?s Vice President of Research and Economics, in a release."

Full post as published by Mortgage Lender Implode-o-Meter on September 09, 2010 (boomark / email).

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