- Mortgage applications to purchase a home rose to the highest level since April.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances remained unchanged at 3.03.
- Refinance demand surged 7% despite stalled interest rates.
After a Labor Day week lull, demand for mortgages rose sharply last week from homeowners and homebuyers.
Total mortgage application volume was up nearly 5% for the week, according to the Mortgage Bankers Association's seasonally adjusted index.
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