Mortgage rates fall, but demand drops further

[tsptalk]

Mortgage rates fall for the third straight week, but demand still drops further

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased last week to 6.49% from 6.67%.

Mortgage applications to purchase a home gained 4% from the previous week but demand was 41% lower than the same week one year ago.

https://www.cnbc.com/2022/11/30/mor...ight-week-but-demand-still-drops-further.html