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Mortgage applications increased 3.1% from one week earlier even as rates reached their highest level in three years, according to the Mortgage Bankers Association.
March 15 -
Application activity increased 3.3% from one week earlier, even though mortgage interest rates rose on speculation the Federal Open Market Committee could act in March.
March 8 -
Rising interest rates have slowed a recent run of unexpectedly high prepayments of government-insured mortgages, making servicing rights for loans held in Ginnie Mae securities more attractive to investors.
March 6


