Crepitus
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- Mar 28, 2018
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Mortgage rates saw the biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month.
Total mortgage application volume rose 2.5% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.61% from 7.86%, with points falling to 0.69 from 0.73 (including the origination fee) for loans with a 20% down payment.
Mortgage rates falling? Housing demand rising?
Gosh darn this terrible economy!!
Whatever are we to do? How will we survive?
Oh Woe Is US!!!
![www.cnbc.com](https://image.cnbcfm.com/api/v1/image/107328052-1698949208389-gettyimages-1623104590-US-ECONOMY-HOME_SALES.jpeg?v=1699408907&w=1920&h=1080)
Mortgage rates plunge and demand finally inches back
Mortgage rates saw their biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month.