Market news
20.11.2019, 12:07

U.S. weekly mortgage applications drop

The Mortgage Bankers Association (MBA) reported on Wednesday the mortgage application volume in the U.S. fell 2.2 percent in the week ended November 15, following a 9.6 percent climb in the previous week.

According to the report, refinance applications decreased 7.7 percent, while applications to purchase a home went up 6.7 percent

Meanwhile, the average fixed 30-year mortgage rate fell to 3.99 percent from 4.03 percent.

“U.S. and China trade anxieties and protests in Hong Kong pulled U.S. Treasurys lower last week, and the 30-year fixed mortgage rate followed the same path, dipping below 4%,” noted Joel Kan, MBA’s associate vice president of economic and industry forecasting. “Rates have stayed in the same narrow range of around 4% since July, so we may be starting to see the expected slowdown in refinancing as the pool of eligible homeowners shrinks.”

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location