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Mortgage application fall while purchase index rises

Nov 21, 2013
In its Weekly Mortgage Applications Survey for the week ending November 15, 2013, the Mortgage Bankers Association (MBA) reported that the volume of mortgage loan applications fell 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index fell 13 percent.

The Refinance Index also decreased, falling 7 percent from the previous week, while the Purchase Index rose 6 percent. 

To read the entire MBA press release, click here.
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