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【CNBC】Mortgage demand jumps to six-week high as interest rates continue to drop

【CNBC】Mortgage demand jumps to six-week high as interest rates continue to drop

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  • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.41% from 7.61%.
  • Applications to refinance a home loan increased 2% for the week and were 4% lower than the same week one year ago.
  • Applications for a mortgage to purchase a home increased 4% week to week but were still 20% lower than one year ago.

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