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Some bad housing news:According to the Mortgage Bankers Association, mortgage applications fell 7.4% last week. That’s worse than a 2.4% decline in the week before.
And in the weeks before that we had declines of 1.2% and 0.3%, so we’re talking about four straight weeks of worsening numbers.
This number had been improving a bit closer to the beginning of the year, but is looking pretty saggy lately.
Refinancing applications lead the way down, falling 9.3%.
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