Mortgage Rates Fell Slightly, But Weekly Refinance Demand Couldn't Recover - NewsBreak

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.24% from 3.30%. Refinance demand was down 33% from the same week one year ago. Mortgage applications to purchase a home fell 2% for the week and were 9% lower than...