Category: Purchase

Purchase Mortgage Applications Crash 24 Percent Annually
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Purchase Mortgage Applications Crash 24 Percent Annually

Applications for m0rtgages to purchase homes were down 24 percent last week compared with a year earlier, the Mortgage Bankers Association seasonally adjusted index. Compared with a week earlier, applications were down 11 percent. There are several factors driving down purchase mortgage applications. The “stay at home” orders in many states and counties bar or…

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