Homebuyer demand for mortgages jumped 6%, as interest rates fell to lowest level in over a month
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.69% from 6.86%, with points falling to 0.67 from 0.70 (including the origination fee) for loans with a 20% down payment. That is the lowest rate in more than a month.