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Drop in Mortgage Applications Proves Just How Rate

:Drop in Mortgage Applications Proves Just How Rate-Sensitive Today's Borrowers Are

Drop in Mortgage Applications Proves Just How Rate-Sensitive Today's Borrowers Are

CNBC, Jan. 30, 2019--Diana Olick

Mortgage application volume decreased 3 percent last week from the previous week, the Mortgage Bankers Association said. The average contract interest rate for 30-year fixed-rate mortgages nudged higher to 4.76 percent from 4.75 percent.

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