US Mortgage Applications for Home Purchases Rise for Third Week
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US mortgage applications for home purchases rose for a third week even as borrowing costs remained elevated.
The Mortgage Bankers Association index of applications for home purchases rose 2.8% in the week ended June 23 to an almost two-month high of 170.3. Combined with an increase in the refinancing index, the overall measure of mortgage applications also climbed to the highest level since early May.