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  • Featured image for Loan Demand Falls as Rates Move Up
    Jul 15

    Loan Demand Falls as Rates Move Up

    With rising mortgage rates, mortgage applications dropped 3 percent last week, moving to their lowest level since November 2011, the Mortgage Banker’s Association reports. Applications for refinancings—which make up the biggest bulk of MBA’s index—dropped 2 percent from the previous week. However, applications for home purchases edged up 2 percent. Purchase applications—viewed as one of...