Mortgage rates fall for the third straight week, but demand still drops further
https://www.cnbc.com/2022/11/30/mort...s-further.htmlThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased last week to 6.49% from 6.67%.
Mortgage applications to purchase a home gained 4% from the previous week but demand was 41% lower than the same week one year ago.
Tom
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