Mortgage Applications Slide After Labor Day
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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