The Market Composite Index decreased 2.6 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 1.0 percent and refinance activity down 5.0 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to its highest level since July 2017, 4.22 percent.
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Thursday, November 2, 2017
Mortgage applications fall 2.6 percent in latest survey as rates rise
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