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Home loan applications are rising!

Article 5192 - June 15, 2007

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Applications for home loans grew last week even though mortgage rates are rising, the Mortgage Bankers Association said Wednesday. Its weekly mortgage index, which measures the volume of applications for loans to buy or refinance homes, rose 6.6 percent. Meanwhile, the nationwide average rate for a 30-year fixed-rate mortgage rose to 6.61 percent from 6.35 percent, the MBA said.

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