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Applications for home loans increased 1.0 percent for the week ending June 19. The average 30-year mortgage rate edged down to 6.59 percent from 6.60 percent the prior week.
Applications for U.S. home loans rose 1.0 percent in the week ending June 19 after falling 3.8 percent the previous week. The average interest rate on a 30-year mortgage declined to 6.59 percent from 6.60 percent.
The data cover purchase and refinance applications submitted through mortgage lenders. Rates are reported as weekly averages and can influence borrower decisions on timing.
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