The April 30 deadline for housing tax credits drove a more than 50% month-to-month increase in purchase volume at Total Mortgage Services during April, according to the company. The company said previously refinance loans had prevailed over the past three years. The company's president, John T. Walsh, said declining housing prices, record inventories and what has been a relatively low mortgage rate environment are expected to help the company continue to maintain strong volume going forward despite the tax credit's expiration.
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