The Market Composite Index decreased 2.0 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 30 percent and refinance activity remaining flat. The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.81 percent from 4.84 percent.
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Wednesday, August 15, 2018
Mortgage applications dip 2.0 percent, rates slip three basis points
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