Pursuits
Mortgage Applications in U.S. Fall as Refinancing Declines
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The number of mortgage applications in the U.S. fell last week as higher lending rates led to a fourth straight decline in refinancing.
The Mortgage Bankers Association’s index decreased 0.9 percent in the week ended Dec. 3, figures from the Washington- based group showed today. Refinancing fell 1.4 percent, while purchases climbed 1.8 percent, the third straight increase.