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Home loan applications fall to over 3-1/2-yr low (Reuters)

Home loan applications fall to over 3-1/2-yr low (Reuters)
Construction laborers build homes in Woodridge, Illinois, a suburb of Chicago, April 16, 2004. U.S. mortgage applications fell to a more than 3-1/2-year low last week amid a sharp drop in demand for loan refinancing even as interest rates held steady, an industry trade group said on Wednesday. (John Gress/Reuters)

industry trade group said on Wednesday.
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