Mortgage demand flatlines at low levels, as mortgage rates hit 4-week high
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最新报道：Mortgage application volume dropped 2.6% last week as rising interest rates dampened demand, according to the Mortgage Bankers Association. The average contract rate for 30-year fixed-rate mortgages increased to 7.14% from 7.06%, marking the fourth consecutive weekly rise. Refinance applications fell 5% while purchase applications declined 1%. MBA's Joel Kan noted higher rates are cooling housing activity, with purchase applications down 18% year-over-year. The housing market continues to face affordability challenges as the Federal Reserve maintains its restrictive monetary policy to combat inflation.
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