"Ironically, a strong employment situation in the country drives the bond market to higher rates, causing mortgage rates to bounce back over 6.5%."
"As mortgage rates fell closer to 6%, home prices and home sales demonstrated obvious gains over last year, showing the market's fragility."
"Even though last year's home sales were low, the increase in mortgage applications indicates consumers get motivated when borrowing costs decrease."
"There's no certainty that mortgage rates will continue to decrease; recent fluctuations show how quickly the housing market can change."
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