WASHINGTON — While lending activity remained strong overall, demand for residential mortgages fell in several U.S. regions in the last six weeks, according to a Federal Reserve Board report issued Wednesday.

A case in point was the Federal Reserve Bank of St. Louis, which said in the report that real estate loans in its region “continue to be hit hard, as demand for new homes falls. One contact indicates, for example, that residential real estate loans at a sample of banks in one region are off by almost one-half in volume and 40% in value this year when compared with last year.”

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