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Thursday, Feb 2, 2023
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Mortgage Applications Down

Applications for U.S. home mortgages decreased last week, pulled lower by a sharp decline in refinancing activity, despite steady long-term interest rates, an industry group said on Wednesday.


The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity fell 5.8 percent to 754.3 in the week ending July 22, more than offsetting the previous week’s 1.2 gain.


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