Mortgage applications dip 1.1 percent in latest survey, but purchase loans alone up 1.0 percent

The Market Composite Index decreased 1.1 percent on a seasonally adjusted basis from one week earlier, with purchase loans up 1.0 percent and refinances falling by 5.0 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.68 percent.

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