Mortgage Demand Down 9.4% for Final Week of 2023, Despite Recent Drop in Interest Rates

CNBC, Jan. 3 2024–Diana Olick
The average rate on the 30-year fixed ended the year at 6.76%, lower than where it was two weeks ago, but higher than it was a week ago, the Mortgage Bankers Association reported Wednesday. Applications to refinance a home loan ended the year 15% higher than the same period a year ago.
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