The refinancing share of loan applications fell to 38.2% for the week ending February 17, according to the Mortgage Bankers Association of America.Adjustable-rate mortgages also dipped as a percentage of all applications, to 29.1% from 29.6%. Overall, loan applications increased slightly for the week due to an increase in applications for home loan purchases. However, total home loan applications were down 20% compared to the same week a year earlier.

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