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Mortgage applications fall again to year-long low

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Moribund.


Don’t look for any help to the economy from the housing markets.  Demand for mortgages hit a year-long low last week, dropping 18.6%, pushing the four-week moving average to almost -10%.  The silver lining was that the drop came more from refinancing applications than sales: Mortgage applications tumbled to their lowest level in nearly a [...]

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