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REFIS LEAD INCREASE IN MORTGAGE APPLICATIONS
Thursday, 17 April 2008 19:03

Home loan application volume rose 2.5 percent last week as interest rates across all loan types declined, the Mortgage Bankers Association reported today.

According to the trade group, the seasonally adjusted increase was led by a 5.2 percent gain in the index that tracks refinance applications, and was offset slightly by a 0.8 percent decrease in the purchase-loan index.

The refinance share of loan applications edged up from 52.2 percent at the beginning of the month to 53.5 percent last week, MBA reported, while the adjustable-rate mortgage (ARM) share dipped from 6.5 percent to 6 percent.
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CALIFORNIA FEBRUARY 2008 HOME SALES
Thursday, 17 April 2008 18:47
A total of 20,513 new and resale houses and condos were sold statewide last month. That makes it the slowest February in DataQuick's records, which go back to 1988. Sales were up 7.1 percent from 19,145 in January and down 34.3 percent from 31,228 for February last year.
Last Updated ( Thursday, 17 April 2008 19:01 )
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