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Mortgage demand drops 2.5% on the highest rates in nearly 5 years The adjustable-rate mortgage share of activity increased to 6.7 percent of total applications. ARMs offer lower rates, and demand usually rises as buyers try to afford more. Mortgage rates have not moved at all this week, as financial markets were closed in other countries for the May Day holiday.
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| SEC Denies Fee Increase Requests by Stock Exchanges U.S. regulators blocked stock exchanges' request to raise some fees for market data, an unusual step suggesting closer scrutiny of an increasingly important slice of their businesses. The fees that firms including NYSE Group Inc., Nasdaq Inc. and Cboe Global Markets Inc. wanted to boost are relatively ...
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| Dollar consolidates gains after break above key level; Fed eyed Although financial markets don't expect any change in U.S. monetary policy, investors will look for any comments that take into account the impact of a ... "Despite the moves we have seen in the dollar in recent days, financial conditions haven't really tightened noticeably but that may change if the rally ...
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