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HomeFinanceFalling rates boost demand for mortgages

Falling rates boost demand for mortgages


The numbers: Mortgage rates fell as the U.S. Federal Reserve signaled a potential pause in interest-rate hikes. Home buyers took advantage of the opportunity, boosting demand for mortgages.

Mortgage applications rose 6.3% in the latest week as rates fell across the board.

Demand for purchases and refinancing rose. That pushed the market composite…



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