Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, increased to 6.81% from 6.76% Applications to refinance a home loan fell 2% for the week and were 9% lower than the same week one year ago.

Source: CNBC

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Category General

Source CNBC

Published 2 months ago

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News ID #867

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