Mortgage applications rise 0.9 percent in weekly report, average rates rise to 4.69 percent

The Market Composite Index increased 0.9 percent on a seasonally adjusted basis from one week earlier, with purchase loans up 3 percent and refinance activity falling 2 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to its highest level since January 2014, 4.69 percent.

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