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Mortgage applications fall in latest survey


Mortgage activity was down for the third consecutive week, the Mortgage Bankers Association (MBA) reported.

MBA’s seasonally adjusted composite index declined 0.4 percent for the week ending Sept. 29, the trade group said. The refinance index fell 2 percent from the previous week, while the adjusted purchase index was up 1 percent.

Mortgage rates remained steady during this period.

The refinance share of all mortgage applications fell 70 basis points to 50.1 percent.  


 

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