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Mortgage Application Volume Falls Back as Rates Rise

(Mortgage News Daily) - 3 months, 1 weeks ago
 Posted To: MND NewsWireThe flurry of mortgage activity during the week ended June 1st didn't last long. Application volume resumed its months-long retreat last week as interest rates rose. The Mortgage Bankers Association said its Market Composite Index, a measure of volume, fell back by 1.5 percent on a seasonally adjusted basis during the week ended June 8. Because the previous week's data was adjusted to account for the Memorial Day Holiday, the June 8 index rebounded on an unadjust...
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