U.S. Mortgage Rates Fall to 7.21% as Home Purchase Applications Rise
The Mortgage Bankers Association said lower borrowing costs lifted purchase applications 7.5% and refinance applications 4.5% in the latest week.
9 Articles
9 Articles
In the United States, 30-year mortgage rates fell for the fourth consecutive week in the week ending November 6, according to data released by the Mortgage Bankers Association of America (MBA) on Wednesday.
Mortgage rates in the United States fell for the fourth consecutive week last week. The downward trend has lifted the number of applications for home purchases to the highest levels since April – giving hope for a recovery in the weak US housing market.
Mortgage rates in the United States fell for the fourth consecutive week last week. The downward trend has lifted the number of applications for home purchases to the highest levels since April – giving hope of a recovery in the weak US housing market. The interest rate on a 30-year fixed-rate mortgage in the United States fell by 0.09 percentage points to 7.21 percent in the week ending October 6, industry statistics show. Interest rates have t…
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