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Mortgage demand dropped again last week as rates climbed higher, but one type of loan is attracting borrowers. Adjustable-rate mortgages, or ARMs, which offer lower rates, are seeing renewed demand after getting very little interest over the last decade. Total mortgage application volume dropped 2% last week compared with the previous week, according to the
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Sunday TODAY’s Hallie Jackson runs through the Highs and Lows of the week, including a house listing that featured fictional character Michael Myers, Alaska’s annual Fat Bear Week contest and a painting from 1860 that seemed to portray a woman holding an iPhone. » Subscribe to TODAY: http://on.today.com/SubscribeToTODAY » Watch the latest from TODAY: http://bit.ly/LatestTODAY
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