Applications rose for the first time in five weeks despite high rates, industry group says
The numbers: Home buyers appear to have adjusted to higher rates, as mortgage applications rose in the latest week despite rates staying put.
Key details: Applications for home purchases and refinances increased for the first time in five weeks. The rate for jumbo loans, or the 30-year mortgage for homes sold for over $726,200, was 7.28%, up from 7.27% the previous week.
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