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23-06-2022

Demand for adjustable-rate mortgages rises as interest rates make the biggest jump in 13 years

According to the seasonally adjusted index from the Mortgage Bankers Association, mortgage applications to buy a house increased by 8% last week compared to the prior week, helped in part by demand for adjustable-rate mortgages. However, applications were 10% lower than they were during the same period last year.

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