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Mortgage rates dip slightly, prompting increase in home loan applications.
The average 30-year fixed rate mortgage jumped to 6.94% last week.
Rising rates and housing unaffordability cast shadow over market's seasonal momentum.
Freddie Mac's Primary Mortgage Survey shows rates up to 6.77% last week.
Robust performance marks growth for both Fannie Mae and Freddie Mac, despite a dip in home purchases.
30-Year fixed-rate averages 6.64%.
