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Fewer Refinances Fail To Threaten Lenders

As mortgage interest rates started to climb last month, lenders voiced little concern regarding their workload or business outlook. After hitting a 50-year low of 5.72 percent in mid-July, the cost of a typical 30-year fixed rate started to climb after a year of cuts, opening this week at an average 6.14 percent. Hardest hit ...

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