"Mortgage application volume fell 7.8% during the week ending May 16, according to the trade group Mortgage Bankers Association's weekly application survey.
The MBA's application index fell to 621.6 from 674.4 the previous week as both refinance and purchase volume declined.
Refinance volume fell 8.7% during the week, while purchase application volume fell 6.9%."
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Mortgage applications volume falls to 7.8%
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