Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Pogeu Mahone who wrote (256949)	8/21/2003 7:27:45 AM
From: Pogeu Mahone	Read Replies (2) of 436258

August 21, 2003 Rates Curb Refinancings By BLOOMBERG NEWS pplications for mortgages fell for a second consecutive week to the lowest in more than a year as rising mortgage rates drove down refinancing, an industry report showed. The Mortgage Bankers Association of America's index of mortgage applications dropped 10.7 percent to 736.7 last week, the lowest since the week that ended July 12, 2002, from 824.6. The refinancing index fell 14.9 percent to 2,756.8, also the lowest since July 2002, and is down 72 percent from the record high of 9,977.8 reached in the last week of May. The refinancing index has fallen for seven consecutive weeks. The mortgage group's purchase index slipped 4.9 percent, to 389.5 from 409.6. The record of 460.5 was set in the final week of May. The index averaged 388.9 this year before last week's figures. Copyright 2003 The New York Times Company \| Home \| Privacy Policy \| Search \| Corrections \| Help \| Back to Top

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