If you missed them the first time, here's your second chance. Mortgage rates last week tied historic lows
, with the average 30-year fixed-rate mortgage bottoming out at 4.32 percent. A week earlier, the average rate was 4.37 percent; a year ago, rates hovered around 4.94 percent. Yet the purchase application index only rose 2.4 percent, according to the latest data
. Exceptionally low loan rates do not appear to be having a meaningful impact on home sales
, which have dropped off precipitously in recent months, due to factors such as unemployment
and declining home values
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