Mortgage applications rise 4.1 percent, rates rise by 10 basis points

The Market Composite Index increased 4.1 percent on a seasonally adjusted basis from one week earlier, with purchase loans up 3.0 percent and refinance activity rising 4.0 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to its highest level since March 2017, 4.33 percent.

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