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Private sector employment rose less than expected in June, underscoring concerns about a weak labor market, while U.S. Midwest business activity grew slightly more than expected.
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Refinancing drove total U.S. mortgage applications to an eight-month peak, as loan rates fell to or near record lows and demand to buy homes sank toward 13-year lows last week. Mortgage - Loan - United States - Business - Financial Services
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US home refinancing up but buying demand near 13-yr lowUS home refinancing up but buying demand near 13-yr low
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Refinancing drove total U.S. mortgage applications to an eight-month peak, as loan rates fell to or near record lows, but demand to buy homes sank toward 13-year lows last week, the Mortgage Bankers Association said on Wednesday.
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