Last week, mortgage interest rates dropped to the lowest level in two months, with the average contract interest rate for 30-year fixed-rate mortgages decreasing to 6.88%. However, despite the lower rates, total mortgage application volume fell by 1.2%, with applications to refinance falling by 4% but still 45% higher than a year ago. Demand for mortgages to purchase homes remained flat, with prices not easing much due to historically low inventories in the housing market.
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New Zealand dominate Zimbabwe in second Test
New Zealand dominated the first day of the second Test against Zimbabwe in Bulawayo, dismissing the hosts for 125 and reaching 1-174 in response, led by Devon Conway's unbeaten 79. Matt Henry took 5-40, while Brendan Taylor, returning after a ban, top-scored for Zimbabwe with 44, highlighting his personal struggles in an emotional pre-match interview. Want More Context? 🔎
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