Fed backing boosts mortgage applications
Mortgage applications soared in the last week of November as homebuyers took advantage of low interest rates following the Fed’s announcement that it would buy Fannie Mae and Freddie Mac debt and mortgage-backed securities.
Mortgage applications soared in the last week of November as homebuyers took advantage of low interest rates following the Fed’s announcement that it would buy Fannie Mae and Freddie Mac debt and mortgage-backed securities.
Indeed, the latest survey from the Mortgage Bankers Association in Wa
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