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Mortgage applications rebound 5.5 percent as fixed rates slip four basis points

The Market Composite Index increased 5.5 percent on a seasonally adjusted Basis from one week earlier, with purchase loans up 9.0 percent and refinance activity up 1.0 percent. The average contract interest Rate for 30-year fixed-rate mortgages decreased to 5.12 percent from 5.16 percent.

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This post first appeared on The Housing Chronicles, please read the originial post: here

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Mortgage applications rebound 5.5 percent as fixed rates slip four basis points

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