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Mortgage Rates at 3-Year Low

Mortgage Rates at 3-Year Low

admin | Jun 17, 2016 | Uncategorized

The Boston Globe reports that mortgage rates are at their lowest point since 2013, and refinance activity is up. Mike Fratantoni, MBA chief economist, said ‘‘Conventional refinance application activity picked up slightly due to the rate drop, but purchase activity dropped sufficiently to cause an overall drop in mortgage application volume for the week.”More, here.

 

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