Mortgage applications fall 6.2 percent in latest survey, rates remain unchanged

The Market Composite Index decreased 6.2 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 4 percent and refinances falling 9 percent. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) remained unchanged at 4.13 percent.

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