“Applications for U.S. home mortgages sagged for a third week in a row last week, even as mortgage rates eased slightly, an industry group survey showed on Wednesday.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 3.8 percent in the week ended Feb. 22.
The MBA’s seasonally adjusted index of refinancing applications slipped 3.3 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, dropped 5.2 percent…”
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