Markets & Economy

Purchase mortgage applications hit 19-year low

No sign of expected pickup in buyer demand
Published on Feb 26, 2014

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by CareyBot

Applications for purchase mortgages hit a 19-year low last week, as demand from borrowers continued to lag despite the imminent onset of the spring homebuying season, the Mortgage Bankers Association (MBA) reported. Purchase loan applications fell a seasonally adjusted 4 ...