Mortgage Applications Fall Slightly as Mortgage Rates Pull Back

Mortgage applications continued their slide last week despite a slight decrease in mortgage rates as a drop in refinance applications outweighed a slight increase in purchase applications according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 12th, 2013.

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Are Rising Mortgage Rates Fueling Home Sales?

Rising mortgage interest rates may have finally convinced perspective home buyers who have been sitting on the fence that now may be the best time to purchase a home as sales over the past thirty days jumped by more than 11k transactions compared to a week ago according to the National Home Sales Snapshot released by DataQuick.

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