When the 30-year fixed rate dropped for the third straight week in late March, homebuyers responded, giving a boost to mortgage applications.And, following investors' rush into bonds after the recent bank failures earlier this month, yields moved even lower last week - and mortgage rates followed.Mortgage applications increased 2.9% week over week on a seasonally adjusted basis for the week ending March 24, according to the Mortgage Bankers Association (MBA).
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