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Mortgage Applications Slip Nearly 25 Percent 

Feb 11, 2009By

Mortgage applications dropped a seasonally adjusted 24.5 percent in the week ending February 6, 2009, according to a weekly survey released Wednesday by the Mortgage Bankers Association. Refinance applications slouched a significant 30.3 percent, making up 66.7 percent of total applications, compared to 73.2 percent the prior week.

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