Rates Decline Amid Fed Hike
The slight hike of last week has rescinded a bit, with popular mortgage options dropping a few basis points
The slight hike of last week has rescinded a bit, with popular mortgage options dropping a few basis points
Following weeks on the decline, mortgage rates rose for the week ending Dec. 9
Applications fell 1.9 percent from the week prior, accounting for the Thanksgiving holiday
The country’s largest depository lender declined to say how many employees were let go last week
The average 30-year fixed mortgage rate is down 26 basis points compared to one week ago
The refinance share of mortgage activity decreased to 26.1 percent of total applications from 28.4 percent the previous week
The 2023 conforming loan limit will be $726,200, an increase of $79,000 from this year
Notable mortgage and refi rates moved down this week, though another rise is anticipated by year’s end…
The decline continued, albeit at a slower pace than the past few weeks…
Both 15-year fixed and 30-year fixed refinances also saw their mean rates drop significantly
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