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Homebuyer mortgage demand jumps, interest rates drop to another low

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Monday, May 8, 2023

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Mortgage applications to purchase a home rose 8 percent the week of April 3-7, compared with the previous week, according to a report from CNBC.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 6.30 percent from 6.40 percent.

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