Mortgage Market Declines
Posted on October 30, 2009
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The average 30-year fixed-rate mortgage rose 3 basis points from last week in Freddie Mac’s latest rate survey. Also 3 BPS higher were the 15-year fixed-rate mortgage and the one-year Treasury-indexed adjustable-rate mortgage. Loan applications, meanwhile, were off 12 percent from the prior week in the latest weekly survey from Mortgage Bankers Association.
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