Mortgage applications fall 2.3 percent in latest survey; rates down to lowest level since Nov. 2016

The Market Composite Index decreased 2.3 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 3 percent and refinances falling 2 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to its lowest level since November 2016, 4.11 percent.

READ MORE