Mortgage rates drop, but borrowers are not impressed – CNBC
Total mortgage application volume decreased 2.9 percent for the week, seasonally adjusted, according to the Mortgage Bankers Association. That marked the sixth straight week of losses. Applications to refinance a home loan fell 5 percent for the week to the lowest level since December 2000. The average contract interest rate for 30-year fixed-rate mortgages with …
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