Mortgage Applications Index in U.S. Declines for a Third Week
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Mortgage applications in the U.S. declined last week for a third consecutive time, hurt by a drop in purchasing and refinancing.
The Mortgage Bankers Association’s index fell 1.4 percent in the week ended Sept. 17 to the lowest level in six weeks, the Washington-based group said today. Purchases decreased 3.3 percent and refinancing lost 0.9 percent.