Home Loan Applications Fall

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Mortgage applications fell for a fourth straight week as a robust rebound in loan refinancings failed to lift activity from more than a 3-1/2-year low, an industry trade group said on Wednesday.


The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended December 30 decreased 1.5 percent to 545.9 from the previous week’s 554.1. Volume was at its lowest level since the week ended May 24, 2002, when the index reached 516.9.


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