US Home Loan Requests Rise as Purchases Pick up

Reuters Business Channel | Reuters.com: "U.S. mortgage applications increased last week, driven by a brisk rise in demand for loans to purchase homes even as interest rates rose to 16-month highs.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended November 4 increased 2.3 percent to 661.3, up from the previous week's 646.7."
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