"Mortgage applications fell last week, edging down after a surge in the week prior when the Federal Reserve's purchase of debt pushed down interest rates. That enticed many homeowners to refinance.
The Mortgage Bankers Association reported Wednesday that mortgage loan application volume fell 7.1% on a seasonally adjusted basis for the week ended Dec. 5.
The week prior, mortgage loan application volume had surged 112.1% on a seasonally adjusted basis."
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Mortgage applications down from prior week's surge
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