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Archive Home > 2008 > December > 23 > Mortgage companies are hopping with rates at historic lows

Mortgage companies are hopping with rates at historic lows

But without credit, equity, there’s no loan

By Andrew Moore / The Bulletin
December 23, 2008

Mortgage brokers and underwriters in Central Oregon are seeing an uptick in mortgage applications due to falling interest rates, but the increase isn’t necessarily leading to more new loans because some homeowners don’t have enough equity or first-time borrowers....

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