Demand for purchase loans down 16 percent from year ago

Published on Apr 16, 2014 | Updated on Jun 5, 2014

Although demand for purchase mortgages during the week ending April 11 was up 1 percent from the week before, it was down 16 percent from the same time last year, the Mortgage Bankers Association said in reporting the results of a weekly survey of lenders. Source: mortgagebankers.org.

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