The AFS Title Search Index fell to 126.7 for the week ended Sept. 29, a 2.7% decrease from 130.3the previous week, according to Mortgage Information Corp.'s Advance Factor Services. Ayear ago the index stood at 121.9, 96% of the current level. "Even if mortgage rates were to fall precipitously,the upcoming holiday effect would slow both housing turnover and refinance activity," said AFS director PaulDescloux. He said the holiday effect could cut title search activity by up to 50% during the peak holiday weeks.Mr. Descloux's e-mail address is mailto:paul.descloux@loanperformance.com paul.descloux@loanperformance.com.
Processing Content
