Homebuyers Finally Responded, After Mortgage Rates Hit Lowest Level in Three Months
UK, JUL 9 – Mortgage applications surged 41.7% as average rates dropped 62 basis points with 95.1% of borrowers choosing fixed-rate loans, easing affordability pressures, Stonebridge reported.
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9 Articles
Mortgages indexed to the money market are currently the most advantageous financing solution for homeowners. But the vast majority of them prefer to play the security card by concluding fixed maturitiesThe recent decline in the Swiss National Bank's (SNB) policy rate to zero stimulates the mortgage market. Saron loans have become more attractive. At the end of June, they cost on average between 0.9 and 1.2%, while fixed-rate maturities over five…
Mortgage Applications Increased 9.4 Percent From One Week Earlier While Purchase Index Decreased 13 Percent Compared With The Previous Week
Thank goodness “Statist Joe” Biden is gone. Kamala Harris is still lingering around the edges, while the mortgage and housing markets are still suffering from the Biden/Harris regulatory overreach. Mortgage applications increased 9.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 4, 2025. Last week’s results included an adjustment for the…
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