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SHOULD I REFINANCE
Mortgage Interest Rates Drop
Mortgage Rates Drop, Applications Fall in Step

Mortgage rates dropped again this week, but so did overall application activity. According to the latest data from the Mortgage Bankers Association, despite an average interest rate of just 3.14%, loan applications dropped 5.1% over the last week.  Refinance activity fell 7%, while purchase loan activity dropped just 2%. Both are still higher than 2019’s…

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