The Market Composite Index decreased 4.0 percent on a seasonally adjusted basis from one week earlier to the lowest level since December 2014, with purchase loans falling 5.0 percent and refinance activity down 3.0 percent. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 5.15 percent from 5.11 percent.
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Wednesday, November 14, 2018
Mortgage applications fall to lowest level since December 2014 in weekly update
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