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Mortgage Bankers Association: US mortgage applications rose 6.2% week-on-week last week
Mortgage Bankers Association (MBA): U.S. mortgage application volume rose 6.2% week-on-week last week, driven by a 7.5% surge in purchase loan applications and a 4.5% increase in refinancing demand. Over the same period, the average interest rate for 30-year fixed-rate mortgages fell 9 basis points to 7.21%.
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