Mortgage applications rise with rates
For the first time in 3 weeks mortgage applications rose, as did rates - though only slightly - for 30 year fixed-rate mortgages, according to the Mortgage Broker's Association. Average rates on 30 year fixed-rate mortgages rose to 6.36 from 6.31 the previous week. 1 year ARM rates hit 5.83, up from 5.68 last week.
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