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The Mortgage Bankers Association of America (MBA) obtained for the week ending 26 November 2010 a significant decline in the seasonally adjusted number of mortgage applications.

A decrease in the corresponding index fell by 16.5 percent. In the previous week, an increase was reported by 2.1 percent. Specifically, the sub-index fell to refinance existing loans by 21.6 percent, while the sub-index of new applications for the purchase of homes by 1.1 percent attracted.

Further details of the MBA, the average interest rate according to 30-year mortgage at 4.56 percent, to 4.50 percent in the previous week.