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The interest rate on the popular 30-year fixed mortgage moved lower last week for only the second time since September, but that was not enough to entice consumers to call their lenders.

Mortgage application volume was unchanged last week from the previous week, according to the Mortgage Bankers Association.

Applications to refinance a home loan, which usually rise when rates fall, did just the opposite, falling 1% for the week on a seasonally adjusted basis. Refinance volume stood 36.5% lower than the same week one year ago, when interest rates were lower.

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