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Wednesday, December 15, 2010

MBA: Mortgage applications fall another 2.3%

This is for the week ending Dec. 10, so this week increase in mortgage rates haven't completely factored in yet.
"Not surprisingly, with rates up more than half a percentage point over the past month, refinance activity has declined sharply. Home purchase applications dropped this week following three weeks of increases, but remain near levels last seen in early May," Frantantoni said.
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