【CNBC】Mortgage rates move higher after the Fed rate cut, causing loan demand to drop

• The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, 806,500 or less, increased to 6.38% from 6.33%
• Applications to refinance a home loan fell 4% for the week and were 86% higher than the same week one year ago.

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