U.S. mortgage applications surge; 30-year rate below 4 percent: MBA


U.S. mortgage applications surge; 30-year rate below 4 percent: MBA

NEW YORK – Applications for U.S. home mortgages surged by the most in more than six years last week as 30-year mortgage rates dropped below 4 percent for the first time since May 2013 on the back of falling U.S. government bond yields, data from an industry group showed on Wednesday.

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