Mortgage applications drop with rates at two-year high

Mortgage applications drop with rates at two-year high. Alberta Mortgage Brokers Association

Mortgage applications drop with rates at two-year high video duration 37 Second(s), published by Wochit Business on 10 07 2013 - 15:41:40.

Mortgage applications drop with rates at two-year high An unrelenting surge in interest rates for U.S
home mortgages pushed borrowing costs to their highest Applications for U.S
home mortgages fell last week and interest rates declined to their lowest level since May 2013, according to an industry group.

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Mortgage applications drop with rates at two-year high
An unrelenting surge in interest rates for U.S. home mortgages pushed borrowing costs to their highest level in two years last week, stymieing demand from potential homeowners. The Mortgage Bankers Association said Interest rates on fixed 30-year mortgages rose for the ninth week in a row to average 4.68 percent in the week ended July 5. It was the highest level since July 2011 and a 10 basis point increase over the week before. .
http://news.yahoo.com/u-mortgage-applications-drop-rates-2-high-mba-110818126.html

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