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Vital Signs: Mortgage Applications Slump - Real Time Economics

The Mortgage Bankers Association’s index of mortgages to buy a house fell 11.2% last week after the federal government raised fees on certain mortgages.
Brian Aguilar
Brian Aguilar • 2 years ago

THURSDAY, April 19, 2012 - Home mortgage activity has slipped. The Mortgage Bankers Association’s index of mortgages to buy a house fell 11.2% last week after the federal government raised fees on certain mortgages. Applications have been essentially flat this year even though home sales are up — most likely a reflection of the flurry of purchases by investors who are paying cash for properties.

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