Wednesday, December 15, 2004

Mortgage applications down last week

Mortgage applications were down last week, mostly due to a drop in refinancing activity.

According to the Mortgage Bankers Association reports, 30-year fixed mortgage rates average 5.65 percent last week, just a bit down from the previous week's 5.68 percent.

The holidays are typically a slow time for mortgages and refinancing, so the results were not that unexpected.

Click here to be contacted by a mortgage broker.

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