Last week's climb in interest rates caused a drop in mortgage applications by 11.9%, according to the Mortgage Bankers Association.
Mortgage applications to purchase a home, which are less sensitive to weekly rate moves, fell 4% for the week but were 6% higher compared with the same week one year ago.
Mortgage application volume fell 11.9% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Volume was still 54% higher than a year ago because interest rates were significantly higher last year. "Interest rates continue to be volatile, with Brexit votes and ongoing trade negotiations swinging rates higher or lower on any given day." said Mike Fratantoni, the association's senior vice president and chief economist. "Borrowers with larger loans are the most sensitive to rate changes, and with rates climbing higher last week, the average size of a refinance loan application fell to its lowest level this year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Robert Duvall, Martin Sheen Join Texas Football Tale ’12 Mighty Orphans’EXCLUSIVE: Robert Duvall and Martin Sheen have joined 12 Mighty Orphans, the drama that stars Luke Wilson as legendary Texas football coach Rusty Russell. Ty Roberts is directing from a script he w…
Lire la suite »
At least 12 white supremacists have been arrested since Pittsburgh shooting: ADLAt least 12 white supremacists were arrested for plots, attacks or threats against Jews since last year's deadly shooting in Pittsburgh, according to a new Anti-Defamation League report.
Lire la suite »
Shay Mitchell Chronicled Her Labor and Delivery Experience in an Emotional 12-Minute VideoShay Mitchell gave fans an intimate look at her entire (very long) labor and delivery experience.
Lire la suite »
Warren’s K-12 Plan: All In For Public EducationIt has been interesting to watch the primary progression as candidate after candidate has taken the education bar and set it a little higher. Warren has just moved it again.
Lire la suite »
Slideshow: 12 Surprising Clues of Heart DiseaseIf you haven't banged or hurt your finger or toe recently, little dots of blood trapped under your nail could point to an infection in the lining of your heart or valves.
Lire la suite »
The Gin Zodiac: 12 Gins, One For Every SignThe Gin Zodiac: 12 gins, one for every sign. cocktails booze astrology zodiac zodiacsigns Leo Sagittarius Aries Pisces Gemini Libra Aquarius
Lire la suite »