Mortgage Applications Slide After Labor Day

by devteam September 16th, 2009 | Share

Mortgage rates increased slightly last week but still remain at historically low rates. Even so, demand for mortgages, refinancing, and purchases all fell in the week, according to the Mortgage Bankers Association. 

Interest rates for a 30-year loan moved up 6 basis points to 5.08% in the four-day period ending Sept. 11. But the Market Composite Index â€

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Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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