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Homebuyer demand for mortgages rose 6% as rates dropped to 6.69%, the lowest in over a month.
Homebuyer demand for mortgages rose 6% as interest rates for 30-year fixed-rate mortgages dropped to 6.69%, the lowest in over a month.
Total mortgage application volume increased 2.8% from the previous week, driven by a surge in home purchase applications.
Despite this uptick, refinance activity decreased by 1%.
The increase in demand is attributed to lower mortgage rates and a higher supply of homes for sale.
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La demanda de hipotecas por parte de los compradores aumentó un 6% a medida que las tasas bajaron al 6,69%, el más bajo en más de un mes.