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Home Buyers Step Back into the Market This Week

Mortgage News > Home Buyers Step Back into the Market This Week
Date: 04/29/2020    Home Buyers Step Back into the Market This Week

Even though total new mortgage applications fell 3.3% this week, home purchase loan requests rose 12%, according the Mortgage Bankers Association. As several states began to reopen from coronavirus shutdowns, home buyers may be indicating their continued confidence in the housing market by the increase in loan volume. Mortgage interest rates slipped to an average of 3.43% for a 30-year fixed rate loan from 3.45% last week, but refinance applications still sank 7%.

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