Mortgage Applications Fall Last Week

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Applications for U.S. home mortgages fell last week, its third consecutive drop, as refinancing activity waned and interest rates reached four-month highs, industry group figures showed on Wednesday.


The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity fell 0.9 percent to 745 in the week ending Aug. 5, adding to the previous week’s 0.3 percent loss.


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