Loan Demand Slips as Mortgage Rates Inch Down
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Daily Real Estate News | Wednesday, January 29, 2014Mortgage applications moved slightly lower last week, as interest rates moved to the lowest averages since November, the Mortgage Bankers Association reports.Â
In its seasonally adjusted index, the MBA reports that overall mortgage applications -- including those for refinancings and home purchases -- dropped slightly by 0.2 percent for the week ending Jan. 24.Â
Broken out, refinancing applications dropped 2.2 percent for the week, and applications for home purchases -- viewed…
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