Mortgage Applications Fall

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Applications for U.S. home mortgages fell for the second consecutive week despite a steady decline in fixed mortgage interest rates in August, an industry group’s figures showed on Wednesday.


The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications which includes both purchase and refinancing loans fell 4.5 percent to 722.5 in the week ended August 26. In the previous week, the index fell 0.7 percent.


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