According to data from the Mortgage Bankers Association released Wednesday, the contract rate on a 30-year mortgage climbed 12 basis points to 6.46% in the week ended Sept. 26, as reported by the IndexBox platform. Adjustable-rate and 15-year fixed mortgages also increased last week. The groups measure of refinancing tumbled nearly 21%, the largest retreat this year, after reaching the highest level since early 2022. The index of home-purchase applications slipped 1%.

 

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