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Story summary
- The average 30-year fixed mortgage rate in Seattle dropped to 6.09% last week.
- Total mortgage application volume rose 0.4% week over week.
- Refinancing applications increased 4% from the previous week and were 150% higher than a year ago.
- Applications to purchase homes declined 5% week over week, though they were 12% higher than last year.
- Economic uncertainty and slightly higher home prices are dampening buyer demand despite lower rates.
