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The Mortgage Bankers Association or MBA reports that mortgage activity fell 1.2% last week as refis’ s dipped 2% and purchase apps dropped .4%. The 30-year contract rate for a conforming loan increased to 3.75%.

Vehicle sales have stopped advancing to settle into a very respectable 17+ million annualized rate with October showing 17.9 million units annualized with the average daily sales rate hitting a 15-year high of 52,458 units.

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