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Home mortgage demand surges as rates drop to 6.35%

There has been a spike in mortgage applications as interest rates have dropped to the lowest level since October 2024. Here, a home for sale in Alhambra, Calif., last month. (AFP via Getty Images)
There has been a spike in mortgage applications as interest rates have dropped to the lowest level since October 2024. Here, a home for sale in Alhambra, Calif., last month. (AFP via Getty Images)

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