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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (22659)	1/5/2005 8:10:35 AM
From: The Ox	Read Replies (2) \| Respond to of 23153

Looks like more fuel for the downside: 7:20AM Mortgage Apps Decline, Purchases Plummet : The mortgage applications index declined 10.7% last week, moving to 605.7 from 677.4, according to the Mortgage Bankers Association. The 10.7% decline reflects the biggest decrease since May. Average 30-year rates fell to 5.67% from 5.72%. The purchases plummeted 13.7% to 417.3 from 483.8 last week (all time high of 501.6) and the refinancing index decreased 5.7% to 1701.3. The 13.7% decline in purchases reflects the biggest decrease since October 2003.