Mortgage application volume dropped 3.8% in the week ended Feb. 22, as refinances fell 3% and purchases slipped 5%, according to data from the Mortgage Bankers Association's weekly mortgage applications survey.
Mortgage Applications Fall 3.8% in Week
FEB 27, 2013 7:18am ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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