Mortgage applications rebounded sharply last week as homebuyers returned to the market

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· *Applications to purchase a home increased 6% from the previous week, according to a Wednesday reading of the Mortgage Bankers Association's seasonally adjusted index. *
· *The index is only 1.5% lower than it was at last year, a sharp rebound as it was down 35% on the year just six weeks ago. *
· *Still,...