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U.S. housing, jobs data bolster economic outlook

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales rose to a 10-month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter. … Continue reading

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Average US 30-year mortgage rate at 4.10 pct

WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage fell to 4.10 percent from 4.12 percent … Continue reading

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U.S. mortgage applications rise in latest week : MBA

NEW YORK (Reuters) – Applications for U.S. home mortgages rose last week as demand for refinancing increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing … Continue reading

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Canadian housing starts rise in July, bucking forecasts

By Andrea Hopkins TORONTO (Reuters) – Canadian housing starts bucked forecasts and rose in July, data on Monday showed, but analysts said the recent resumption of the housing market’s upward drive is likely to falter if mortgage rates rise as … Continue reading

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Average US 30-year mortgage rate at 4.14 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan inched up to 4.14 percent from 4.12 … Continue reading

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Average US 30-year mortgage rate at 4.12 percent

WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan slipped to 4.12 percent from 4.13 percent last … Continue reading

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Mortgage applications fall in latest week: MBA

NEW YORK (Reuters) – Applications for U.S. home mortgages slipped last week as refinancing applications dropped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and … Continue reading

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Average US 30-year mortgage rate at 4.13 pct.

WASHINGTON (AP) — Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan was 4.13 percent, unchanged … Continue reading

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Correction: Housing-Clinging to Low Rates story

WASHINGTON (AP) — In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow … Continue reading

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U.S. housing turning the corner, inflation creeping up

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year. The third straight … Continue reading

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