MBA Announces Increase in Purchase and Refinance Applications

The Mortgage Bankers Association (MBA) announced an increase in purchase and refinance applications for the week that ended on November 5th.   But the chief economist from LendingTree.com, Cameron Findlay, reminds us that “lending standards are extremely tight, which is preventing many homeowners from taking advantage of low interest rates”.  

To read more, go to:  http://www.reuters.com/article/idUSWAL9ME6RI20101110?pageNumber=1

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