Mortgage applications down 18.1% last week: MBA (Market Watch)

Mortgage applications down 18.1% last week: MBA (Market Watch)

Mortgage applications filed last week drop a seasonally adjusted 18.1% compared with the prior week, even as interest rates charged on fixed-rate mortgages have further to fall, fresh Mortgage Bankers Association data show. The week-to-week downtick primarily reflects few applications to refinance existing mortgages.

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