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Mortgage Applications Continue to Slow

Diana Heeb Bivona

The number of mortgage applications being filed decreased, as did applications for home refinancing. Mortgage applications are down for the third week in a row. Refinancing activity decreased to 34.2 percent of total applications from 34.9 percent the previous week. According to the Mortgage Bankers Association, other than a brief dip in December 2005, the refinance index is at its lowest level since April 2002.

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