Mortgage Applications Have Been Collapsing Again

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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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