- Analytics
- News and Tools
- Market News
- U.S. weekly mortgage applications edge down
U.S. weekly mortgage applications edge down
The Mortgage
Bankers Association (MBA) reported on Wednesday the mortgage application volume
in the U.S. edged down 0.1 percent in the week ended June 28, following a 1.3
percent rise in the previous week.
According to
the report, refinance applications dropped 1.2 percent, while applications to
purchase a home climbed 1.1 percent.
Meanwhile, the
average fixed 30-year mortgage rate increased to 4.07 percent from 4.06
percent.
“In a week of
mixed mortgage rate movements across the various loan types, the 30-year fixed
rate finished slightly higher than last week, but was still close to lows last
seen in 2016,” said Joel Kan, an MBA economist.
“A still-strong
job market, improving affordability and lower mortgage rates continue to
support growth,” added Kan.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
