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Mortgage applications ticked up after weeks of decline: MBA

Mortgage applications picked up for the first time in four weeks as mortgage rates dropped by 25 basis points, to 7.61%. The Fed’s rate hike pause, combined with a softer October jobs report and the U.S Treasury’s issuance update, paved the way for rates to come down. 

For the week ending Nov. 3, total home loan applications increased 2.5% compared to the week prior, according to weekly mortgage application data from the Mortgage Bankers Association (MBA).

“Applications for both purchase and refinance loans were up over the week but remained details ⇒

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