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US applications to buy a home reached their highest level in about seven years last week as mortgage rates fell to their lowest levels since late 2016, the Mortgage Bankers Association said on Wednesday. The Washington-based group's seasonally adjusted index on mortgage requests for home purchases rose 10 percent to 261.9 in the week ended June 2. This was the highest since 263.6 in the week of May 2, 2010.

Copyright Reuters, 2017

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