Mortgage Applications Drop

A trade group’s survey shows applications are down nearly 30 percent from the previous week.

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The most recent survey from the Mortgage Bankers Association showed a roughly 29 percent week-over-week decline in the number of mortgage applications filed. "Refinancing decreased 38 percent following an 82 percent surge a week earlier, and the purchases index dropped to a five-year low," Bloomberg reports.

The press release is here.

The full article is here.

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mortgages

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