Mortgage demand surges amid lower rates

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MBA Mortgage Applications
Composite Index: +9.2% vs. -1.2% a week ago
Purchase Index: +6.6% vs. -3.1% the previous week
Refinance Index: +12.2% vs. +0.9% in the prior week
30-year fixed-rate mortgages came in at 6.49%, compared to 6.64% last week
"Mortgage rates

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