2011-04-13thetruthaboutmortgage.com

"It was another rough week in terms of mortgage demand, according to the latest release from the Mortgage Bankers Association. Mortgage application volume was off 6.7 percent on a seasonally adjusted basis during the week ending April 8 as both refinance and purchase money mortgage volume slipped lower... [refinance activity fell] to 60.3 percent of total applications from 61.2 percent a week earlier, the lowest level since the week ending May 7, 2010.''


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