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Home Purchase Mortgage Applications Slip, But Stay Strong

Homebuyer mortgage demand has declined modestly after five consecutive weeks of gains. So reports CNBC.

Purchase volume slipped 3% for the week ending June 19, but was 18% higher than the same week last year, according to the Mortgage Bankers Association.

Total mortgage loan application volume decreased a seasonally adjusted 8.7% on the week, as refinance applications also fell despite record-low mortgage rates.

Read the full article from CNBC

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