Industry NewsMortgage

Mortgage applications plummet

Rates ease, but applications down 24.5 percent
Published on Feb 11, 2009

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by CareyBot

Applications for mortgage loans for the week ending Feb. 6 were down 24.5 percent from the previous week and 43.9 percent from a year ago, with significant declines in both refinancings and purchase mortgages, the Mortgage Bankers Association said today.

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