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Mortgages continue to be less affordable for consumers and less profitable for originators, the Mortgage Bankers Association stated in a series of reports in recent days.

It was another bad week for mortgage trends, starting with a Census Bureau report Tuesday that new single-family houses sold at a seasonally adjusted annual rate of 591,000 in April, down 16.6% from the revised March estimate of 709,000. And March was 10.5% lower than February.

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Jim DuPlessis

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