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flag Homebuyer demand for mortgages rose 6% as rates dropped to 6.69%, the lowest in over a month.

flag 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. flag Total mortgage application volume increased 2.8% from the previous week, driven by a surge in home purchase applications. flag Despite this uptick, refinance activity decreased by 1%. flag The increase in demand is attributed to lower mortgage rates and a higher supply of homes for sale.

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