November 28, 2007
Mortgage Applications Index Fell 4.3% Last Week
Nov. 28 (Bloomberg) — The number of mortgage applications in the U.S. dropped last week, led by the biggest decline in refinancing this year.
The Mortgage Bankers Association’s index of applications to buy a home or refinance a loan decreased 4.3 percent to 652.5 from 681.7 the prior week. The group’s refinancing gauge slumped 15 percent, the most since December, while purchases rose.
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