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Stock market swings may have hit mortgage applications, down 2.5%

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Total mortgage application volume fell 2.5 percent last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

 

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Weekly mortgage applications drop 5.8% as stock market plunge unnerves potential buyersEven with mortgage rates at the lowest level in three months, homebuyers are pulling away from the housing market.
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