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Economic Report: Demand for adjustable-rate mortgages jump 10% as U.S. mortgage rates stay stubbornly high

http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-728D-D1553D7A7430%7D&siteid=rss&rss=1
U.S. mortgage applications fell 2.1% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.86%…

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