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US home refinancing demand drops despite low rates

Posted on 05 November 2010

From Nydailynews.com: U.S. mortgage applications for home refinancing loans fell last week even as interest rates held near-record lows, data from an industry group showed.
The housing market has been showing modest signs of improvement, with home sales picking up in many regions of the country, but tight lending standards and a weak labor market are preventing many consumers from taking advantage of rock-bottom rates……………………………………….Full Article: Source

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