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Chart of the Day: The mortgage market's plunge

Wednesday, 26 Feb 2014 | 8:49 AM ET

Something has gone wrong in the mortgage market.

At the start of the spring house-selling season, mortgage applications should start to rise. But instead, applications in the most recent week fell to their lowest level since 1995.

A variety of factors are thought to be at fault, including weather, investor skittishness and a tight housing supply.

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