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Rising rates & the mortgage market

Wed 04 Dec 13 | 12:19 PM ET
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Rising rates & the mortgage market

Wed 04 Dec 13 | 12:19 PM ET
Total applications are down 12.8 percent week-to-week, and the average rate on the 30-year fixed conforming loan crossed the 4.5 percent mark, reports CNBC's Diana Olick. Mortgage bankers say the numbers are still skewed due to the holiday week.
 
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