Mortgage rates have been on a steady decline over the past few weeks, culminating in a two percent drop over the span of two weeks. This decrease in rates has helped to spur demand from potential homebuyers, according to the Mortgage Bankers Association.

This uptick in demand is encouraging for the mortgage industry, which has seen rates slowly climbing since the beginning of the year. If rates continue to decline, it is likely that we will see even more activity from homebuyers in the coming months.

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