Adjustable-Rate Mortgage

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Mortgage Applications Rebound as Rate Pressure Eases 

Mar 05, 2008By

After dropping off a cliff during the past two weeks, mortgage applications rebounded last week, according to data released Wednesday morning by the Mortgage Bankers Association. The MBA’s composite index of overall application activity rose 3.0 percent to 684.9 for the week ending February 29, the result of moderate increases in both purchase and refinance application volume.

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