Home Loan Applications Decline 3rd Straight Week

For each of the past three weeks, loan applications to purchase or refinance a home have dropped. Government-insured share has diminished.

During the seven-day period that ended on July 29, applications for new residential loans were down by 4 percent compared to a week earlier.

That was based on the Market Composite Index — a measure of mortgage loan application volume that covers 75 percent of all retail applications.

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From:: Financing