Mortgage applications decline with rising rates

7 hours ago 1
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  • MBA Mortgage Applications
  • Composite Index: -5.1% vs. +1.1% a week ago
  • Purchase Index: -5.2% vs. +2.3% the previous week
  • Refinance Index: -5.0% vs. -0.4% in the prior week
  • 30-year fixed-rate mortgages came in at 6.92%, compared to 6.86% last week

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