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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (248935)	7/9/2003 7:36:16 AM
From: Giordano Bruno	Respond to of 436258

U.S. mortgage activity falls in July 4 week By Rex Nutting WASHINGTON (CBS.MW) -- With interest rates rising and many Americans on holiday, U.S. mortgage lending activity abruptly slowed in the week ending July 4, the Mortgage Bankers Association said Wednesday. The bankers' group said applications dropped 17.7 percent from the previous week. Refinance applications dropped 21.3 percent and purchase applications fell 5.5 percent. The average rate for a 30-year fixed-rate mortgage rose to 5.37 percent from 5.23 percent the previous week. [drum roll followed by cymbal crash]