Mortgage Rates Dip, Applications Surge
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rate mortgageReuters
•Business
Business & Economics
US 30-year mortgage rate dropped last week, applications surged

78% Informative
The interest rate for the most popular U.S. home loan dropped to 6.61% last week , the lowest rate since October .
Mortgage applications increased by 20% to the highest level since September .
Mortgage rates closely track the 10-year Treasury note yield, which ended last week at a six-month low.
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