Inflation dents mortgage applications
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Higher mortgage rates and inflation fears have put a damper on the housing market.
Tuesday's release of the latest retail inflation numbers sent the 10-year Treasury to the second-highest level of the year at 3.76%.
That could put additional pressure on the mortgage market.
The rate on a 30-year fixed mortgage had decreased for five weeks, but jumped by 21 basis points in the past week to 6.39%.
INFLATION ROSE 6.4% IN JANUARY