Weekly mortgage demand remains stalled, as interest rates stay stubbornly high

Weekly mortgage demand remains stalled, as interest rates stay stubbornly high

Weekly mortgage demand remains stalled, as interest rates stay stubbornly high - The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) slipped to 6.91% from 6.93% - Applications to refinance a home loan fell 2% for the week and were 5% lower than the same week one year ago. - Applications for a mortgage to purchase a home edged down 0.1% from one week earlier and were 13% lower than the same week …