Mtg apps

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No sign of housing improvement here:

The MBA’s seasonally adjusted purchase index fell 1.8 percent to 250.3. The four-week moving average of mortgage applications, which smoothes the volatile weekly figures, was down 5.5 percent.

Refinancing Jumps

The Mortgage Bankers seasonally adjusted index of refinancing applications increased 14.5 percent to 2,693.7.