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  • Total mortgage application volume rose 1.6 percent last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
  • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) decreased to 4.55 percent from 4.64 percent
  • The average loan size also set a record for the third week in a row, reaching $327, 500

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