Economics
U.S. Mortgage Applications Fall on Less Refinancing
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Mortgage applications in the U.S. fell for a second straight week, led by a decline in refinancing.
The Mortgage Bankers Association’s index of loan applications decreased 2 percent in the period ended April 1. The Washington group’s refinancing measure dropped 6.2 percent, while the purchase gauge rose 6.7 percent to the highest level this year.