Mortgage applications fall after rates increase
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From Reuters
Applications for U.S. home mortgages declined last week after a four-week increase in long-term interest rates, data from an industry group showed.
The seasonally adjusted index of total mortgage applications dipped 3% in the week ended Oct. 27 to 570.8, the lowest in over a month, the Mortgage Bankers Assn. said.
The rate for 30-year fixed mortgages rose to 6.36% through Oct. 20 from 6.18% in mid-September, the group said.
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