Mortgage applications in the U.S. fell last week by the most since February as higher borrowing costs damped home purchases and refinancing.The Mortgage Bankers Association's index of applications to buy a home or refinance an existing loan dropped 6 percent to 552.6 from 588 the prior week. The gauge of purchases fell 7.1 percent, also the biggest decline in three months, to 396.4.
Yet more evidence of a declining market. The mortgage index will continue to fall in the coming months,
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