Mortgage applications fall for third straight week, despite lower interest rates

nterest rates were much higher back then. Overall volume for mortgage applications fell 1.4% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was still 35% higher than a year ago, when interest rates were significantly higher.   Homebuyers, or lack thereof, drove demand lower. Mortgage applications to purchase a home fell 3% for the week but were 6% higher than a year ago. The shift may be less about rates and more about what kind of homes are for sale and at…

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College Applications and Election Fatigue: This Week in Education Writing

This is the inaugural edition of The Atlantic’s weekly roundup of education writing. We’ll be highlighting some of our favorite school-related stories from the past seven days, including one piece of our own and one story from a student publication. The Pop-Culture Roots of the Lunch-Box Craze Kat Lonsdorf | NPR “The year: 1950. You might as well call it the Year of the Lunch Box, thanks in large part to a genius move by a Nashville-based manufacturer, Aladdin Industries. The company already made square metal meal containers, the kind…

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