Mortgage applications declined 7.1% in the week ended March 15, as refinances fell 8% and purchases slid 4%, according to data from the Mortgage Bankers Association's weekly mortgage applications survey.

Refinance dipped to 75% of market share from 76% the week before, the tenth consecutive decline, while adjustable-rate mortgages held at 5 percent of volume. HARPs totaled 31% of refinances, up from 30% the week before.

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