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Mortgage rates fall, but demand drops further

Thread starter tsptalk
Start date Nov 30, 2022

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tsptalk

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Nov 30, 2022

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

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