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U.S. mortgage activity edges up even as rates head higher

December 21, 2016 by · Leave a Comment 

NEW YORK (Reuters) – U.S. mortgage application activity rebounded from its lowest level since January despite interest rates on 30-year fixed-rate home loans hitting their highest levels in over 2-1/2 years, Mortgage Bankers Association data released on Wednesday showed.

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U.S. mortgage activity edges up even as rates head higher