Mortgage Maxx LLC

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Mortgage Applications Down as Rates Rise

May 13, 2009By

Total mortgage application volume fell 8.6% for the week ending May 8, after ticking up 2% a week before, according to a survey just released by the Mortgage Bankers Association (MBA). Refinance applications also decreased in the week as mortgage rates ticked upward, indicating weakened homeowner interest in refi opportunities.

3d rendering of a row of luxury townhouses along a street

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