【CNBC】Weekly mortgage demand tanks 11% as interest rates surge higher

• The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances — $766,550 or less — increased to 6.81% from 6.73%.
• Applications to refinance a home loan fell 19% for the week.
• Applications for a mortgage to purchase a home decreased 5% for the week.

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