WASHINGTON, D.C. – July 13, 2011 – (RealEstateRama) — Mortgage applications decreased 5.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 8, 2011. This week’s results include an adjustment to account for the Fourth of July holiday.The Market Composite Index, a measure of mortgage loan application volume, decreased 5.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 24.0 percent compared with the previous week.
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