Mortgage rates are at a 4 month low, but the number of loan appl

It seems that consumer confidence in the housing market has dropped nationwide this week amid the turmoil in Washington D.C. This was evident as the number of people applying for a home purchase loan fell for the second straight week compared to the same time period last year. The drop was seen even though mortgage rates have hit a 4 month low after a volatile period of ups and downs.

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