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Closing rates edge down

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Mortgage Professional America | 23 Sep 2013, 02:00 AM Agree 0
Closing rates fell by more than two percentage points in August as purchase mortgages gained traction over refis, according to a leading mortgage software firm
  • David Bancroft Avrick | | 23 Sep 2013, 09:12 AM Agree 0
    With increasing mortgage rates, more and more brokers are focusing on Purchase Loans. No doubt the best source of this business comes from your customer file. 8% of them will need a purchase mortgage this year. 100,000 name customer list = 8,000 home purchase mortgages needed.
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