U.S. mortgage rates continue to decline, leading to a 7.1% increase in total application volume. This trend, now in its fourth consecutive week, is encouraging both current and prospective homeowners to seek financing.
Mortgage rates fell for the fourth consecutive week last week, prompting both current and prospective homeowners to contact their lenders. The total volume of mortgage applications increased by 7.1% compared to the previous week, according to the seasonally adjusted Mortgage Bankers Association index.
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