Daytrading, Eminis, Forex trading, Swing Trading ECONOMIC NEWS - 480106
Hun Lee  |  by www.tradingmarkets.com. All rights reserved. 13.11 | 23:23

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(RTTNews) - Industry data released on Wednesday showed that mortgage loan application volume fell in the most recent week, due in part to a steep drop in refinancing activity. The Mortgage Bankers Association revealed that its market index of application volume dropped 3% in the week. This was led by a fall in refinancing activity.

The MBA's refinancing index slipped 4.5% for the week. Applications for new home purchases also declined, however, if at a more modest pace.

The Mortgage Bankers Association said its index of purchase activity declined 1.8% during the week.

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Keywords: Mortgage Bankers Association, Bankers Association, Mortgage Bankers
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