【CNBC】Mortgage demand falls even further, as rates shoot back up to July highs

• The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.80% last week from 5.65% the previous week.
• Mortgage applications to purchase a home dropped 2% for the week and were 23% lower than the same week one year ago.
• The refinance share of mortgage activity decreased to 30.3% of total applications from about 66% a year ago.

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