Markets & Economy

Purchase mortgage applications down as some preapproved buyers can’t find homes

Demand down 15 percent from a year ago
Published on Jun 18, 2014

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by CareyBot

Demand for purchase mortgages fell last week as homes continued to be in short supply in many markets, the Mortgage Bankers Association reports. Applications for purchase loans dropped a seasonally adjusted 5 percent for the week ending June 13 from a ...