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Mortgage purchase applications hit 11-year high, with 'pent-up demand' for suburbs
Mortgage applications rise the most in 11 years
Mortgage applications, refinancing and permits are at a high as real estate shows recovery from the coronavirus pandemic. FOX Business’ Lauren Simonetti with more.
There’s no place like home, especially during a pandemic.
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U.S. mortgage applications to buy a home recently hit an 11-year high, as shoppers reportedly look to the suburbs amid the ongoing COVID-19 pandemic.
The Mortgage Bankers Association said Wednesday that the interest rate on a 30-year fixed-rate mortgage, the most popular home loan in America, fell to 3.30 percent during the week ending June 12, from 3.38 percent the week prior.