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Mortgage rates below 3% not enough for homebuyers

FOXBusiness
 2021-08-04

Cover picture for the articleMortgage applications decreased 1.7 percent from last week, data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications showed. While the refinance share of mortgage activity increased slightly to 67.6 percent of total applications from 67.5 percent the previous week, adjustable-rate mortgage (ARM) share of activity decreased to 3.4 percent of total applications, the weekly report said.

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