Mortgage Applications Increase Amid Positive Economic News
Rates had their biggest one-day drop in nearly four years this week following an encouraging inflation report
Rates had their biggest one-day drop in nearly four years this week following an encouraging inflation report
The 30-year fixed rate dropped by 25 basis points to 7.61 percent, the largest single-week decline since July 2022
MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 634,000 units last month
The National Association of Realtors expects 30-year fixed mortgage rates to fall to 6 percent by the end of 2024
MBA’s Purchase Index decreased 5 percent compared with the previous week and was 28 percent lower than the same week ...
With the 30-year fixed rate increasing to 7.31 percent last week, rates are at their highest level since December 2000
Freddie Mac reports the average rate on the benchmark 30-year loan rose from 6.96 percent to 7.09 percent
The typical monthly mortgage payment was $2,605 during the four weeks ending July 30, down just $32 from early July’s ...
Additionally, the Mortgage Bankers Association found loans in forbearance decreased in June
Compared to May 2022, apps were up 16.6 percent, the fastest pace of new home sales in 15 months
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