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Mortgage rates rise to two-year high and tighten home loans
Mortgage Bankers Association data show 30 year fixed conforming rates at 4.27 percent, highest since Oct 2014, and 15 year rates at 3.53 percent, the highest since Sep 2014. The MBA index fell 0.7 percent to 414.1, while purchase applications rose 0.4 percent to 234.5 amid higher yields after the election.
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