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News, Page 16

mortgage loan Rates Slip as Applications Fall

The latest Mortgage Bankers Association report on mortgage applications noted a week-over-week decrease in the group's seasonally adjusted composite index for the week ending March 13.

Mortgage applications fall 3.9% despite drop in rates

A tiny pullback in interest rates did nothing to improve mortgage application volume. The total tally fell 3.9 percent for the week ending March 13th from the previous week, according to the Mortgage Bankers Associations (MBA). The numbers are seasonally adjusted.