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Mortgage rates down, applications up nationwide

March 12, 2009
Natalie Ransom, Realtor & Founding Partner

Natalie Ransom, Realtor & Founding Partner

Submitted by Natalie Ransom, REALTOR, Founding Partner Atlanta Fine Homes Sotheby’s International Realty.

Click here to see the entire article as posted by the Atlanta Business Chronicle – by Ed Duggan

Average residential mortgage rates declined to a near-record low, driven mainly by refinancing activity, according to survey data from the Mortgage Bankers Association.

For the week ended March 6, mortgage applications were up about 11.6 percent from the previous week and up 5.7 percent from the same week a year ago. Refinancing accounted for 67.9 percent of all applications.

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