【CNBC】Mortgage demand drops for the third straight week, even as interest rates ease

• The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 6.92% from 6.98%
• Last year at this time, rates were 15 basis points higher
• Applications for a mortgage to purchase a home fell 4% for the week but were 18% higher than the same week one year ago.

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