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Mortgage demand declines further, even as interest rates drop a bit

Mortgage demand declines further, even as interest rates drop a bit

A prospective home buyer is shown a home by a real estate agent in Coral Gables, Florida.

Joe Raedle | Getty Images

Mortgage demand edged lower for the fourth straight week, according to data released Wednesday, even though interest rates have fallen from their recent highs.

Total volume was down 1.8% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

Applications for a loan to purchase a…


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