2016-10-13cnbc.com

Total mortgage application volume fell 6 percent on a seasonally adjusted basis for the week ended Oct. 7, compared to the previous week, according to the Mortgage Bankers Association.

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"As incoming economic data reassured investors regarding U.S. growth, and financial markets returned to viewing a December Fed hike as increasingly likely, mortgage rates rose to their highest level in a month last week," said Michael Fratantoni, chief economist at the MBA. "Total and refinance application volume dropped to their lowest levels since June as a result."



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