Mortgage applications climb

A push by homeowners to lock in near record-low interest rates drove mortgage applications higher last week, as refinancing demand overshadowed a drop in loan requests to buy homes, the Mortgage Bankers Association said Wednesday.

Average 30-year U.S. mortgage rates edged up 0.03 percentage point to 4.73% last week, slightly above the all-time low of 4.61% three weeks earlier.

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