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Mortgage Applications Fall Despite Historically Low Rates

Monday, Oct 19 2020
Lending
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Historically low interest rates haven’t stopped mortgage applications from posting a decline. So reports CNBC.

!--more-->According to the Mortgage Bankers Association’s seasonally adjusted index, fell 0.7% for the week ending October 9.

Refinance applications were down 0.3% for the week but up 44% from last year, though the year-over-year difference had been 100% at other points in 2020.

Read the full article from CNBC.

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