Home Mortgages Up Last Week

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Applications for U.S. residential mortgages rose last week as higher interest rates failed to deter borrowers from refinancing their existing home loans, an industry trade group said on Wednesday.


The Mortgage Bankers Association said its index of total mortgage applications for home purchase and refinancing loans rose 1.5 percent to 772.2 in the week ended Sept. 16. The index fell 1.4 percent in the previous week.


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