“Weekly mortgage demand surges 11% as more homes hit the spring market”
March 8, 2024
“…Mortgage applications to purchase a home increased 11% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was still 8% lower than the same week one year ago.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.02% from 7.04%, with points unchanged at 0.67 (including the origination fee) for loans with a 20% down payment…”
Why is this week to week instead of month to month?