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December 27, 2007

Mortgage Applications Slide; Interest Rates Rise

U.S. mortgage applications slid 7.6 percent compared to the previous week, the Associated Press reported December 27, 2007.

MarketWatch reported December 27, 2007 that average rates for 30-year, fixed-rate mortgage loans rose to 6.17 percent compared to 6.14 percent the previous week. 

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