The Washington Post reports that  loan applications “rose a seasonally adjusted 10.9 percent to 493.1 in the week ended July 3, after slumping the prior week to the lowest level since November.” Mortgage demand has now recovered from seven-month lows last week, easing pressure for more Federal Reserve intervention. Along with signs of home prices stabilizing, this rise in mortgage applications “suggests mortgage rates may not fall much lower.”

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Tags: interest rates, mortgages, ndg communications, real estate marketing