| 2nd mortgage applications increased for the third straight week as homeowners rushed to lock the home equity rates. Borrowing costs on 25-year fixed-rate equity loan, excluding fees, averaged 8.25%. (This is a minimal increase from last week but the highest level since May)
The number of home refinance applications rose to 5.4 % from 5.3% the previous month.
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Are you throwing away money every month with the bigger payments from the adjustable interest of credit cards?
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