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To: Bald Eagle who wrote (460410)9/17/2003 12:03:14 PM
From: DuckTapeSunroof  Respond to of 769670
 
Yes, I did, but didn't need to calculate the percentages myself... as i took the quote from a national mortgage market financial analyst this morning.

You are equating apples with oranges - the baseline volumes were different.

As everyone knows, refis hit an all-time high in the April-May-June period and, while still near historic highs, currently have been on a steady decline from that peak... presently down some 20% or so from the all-time high.