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Mortgage applications fell slightly last week from the previous week as home purchase filings and Refinancing slowed down. According to the Mortgage Bankers Association, Mortgage applications decreased by 7.3%, but experts suggest that many times after a boost in Mortgage activity levels will drop slightly. Additionally, Mortgage applications are still 10% higher than levels seen this time last year, proving that the housing market is still making strides toward recovery. Average 30-year fixed-rate mortgages with a Conforming loan balance jumped .08% while the average 30-year Fixed-rate Mortgage with a jumbo loan balance increased .09% last week. More here
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