Mortgage demand climbs to the highest level in five weeks after interest rates move lower

Mortgage demand climbs to the highest level in five weeks after interest rates move lower

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Current homeowners and potential homebuyers are responding to lower mortgage rates, albeit slowly. Mortgage demand rose 2.8% last week, compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. That was the second straight week of gains. After…

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