Mortgage Applications Surge to Two-Year High Amid Rate Fluctuations

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Source: CNBC
Mortgage Applications Surge to Two-Year High Amid Rate Fluctuations
Photo: CNBC
TL;DR

A recent drop in mortgage rates to a three-month low led to a 9.4% weekly increase in mortgage applications, driven by increased homebuyer demand and refinancing, although overall market sentiment remains uncertain with rising rates and high contract cancellation rates.

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