The number of mortgage applications decreased 2.2 percent during the week ending November 16 on a seasonally adjusted basis and 13 percent on an unadjusted basis, the Mortgage Bankers Association announced today. Application rates this week were adjusted to account for the Veteran’s Day holiday. The Refinance Index fell 3 percent from last week, while the seasonally adjusted Purchase Index grew by 3 percent from one week earlier. Unadjusted, the Purchase Index dropped 11 percent from last week, [more]
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