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mortgage demandCNBC
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73% Informative
Applications to refinance a home loan rose 2% for the week and were 43% higher than the same week one year ago .
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($ 766,550 or less) increased to 6.90% from 6.86% .
Purchase demand was driven by conventional and FHA loans, with FHA purchase applications seeing a 7% increase.
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