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Wednesday, April 30, 2008

Mortgage Applications Drop to 2008 Low

Mortgage Applications Drop to 2008 Low.

You have to love how the bad news about mortgage applications is hidden. Usually you see it first thing on Wednesday. But not today. I wonder why.

MBA said its seasonally adjusted index of mortgage application activity dropped 11% to 567 in the week ended April 25. That's lowest since Dec. 28. Mortgage applications are falling even as home prices are dropping.

http://www.cnbc.com/id/24382734

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