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by CareyBot

Editor's note: This story has been corrected to note that mortgage rates hit record lows during the week ending Nov. 11.Demand for purchase loans held up during the final two weeks of 2010, even as rates on 30-year fixed-rate mortgages approached 5 percent before retreating.Demand for purchase loans was up 3.1 percent from the week before during the week ending Dec. 24 and was essentially flat during the week ending Dec. 31, falling by 0.8 percent, the Mortgage Bankers Association said in releasing the results of its Weekly Mortgage Applications Survey.Those numbers are seasonally adjusted, and also include an adjustment to account for the Christmas and New Year's Day holidays.Applications for refinancings were down 7.2 percent for the week ending Dec. 24 but up 3.9 percent in the final we...