Pursuits
U.S. Mortgage Applications Fell Last Week on Fewer Purchases
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Mortgage applications in the U.S. fell last week as a decline in borrowing costs failed to spur home buying.
The Mortgage Bankers Association’s index of loan applications declined 0.7 percent in the week ended March 11. The group’s purchase index fell 4 percent, while a measure of refinancing climbed 0.9 percent.