Mortgage loan applications rise 3.3 percent in latest survey as rates dip again

The Market Composite Index increased 3.3 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 1.0 percent and refinances 5.0 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to its lowest level since November 2016, 4.06 percent.

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