The Market Composite Index decreased 6.6 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 6.0 percent and refinances falling 7.0 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to its highest level since January 2014, 4.64 percent.
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Thursday, February 22, 2018
Mortgage applications decline 6.6 percent as rates continue to rise
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