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*Walter Bloomberg
@DeItaone
Joined August 2014
40 Following    2M Followers
US MORTGAGE DEMAND FALLS AS RATES HIT 6.85% US mortgage applications fell 2.7% last week, according to the Mortgage Bankers Association. Refinancing applications dropped 6.2%, while home-purchase applications slipped 0.2%. The average 30-year mortgage rate rose six basis points to 6.85%, adding further pressure on borrowers and the housing market.
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