Market news
09.10.2019, 11:07

U.S. weekly mortgage applications rise

The Mortgage Bankers Association (MBA) reported on Wednesday the mortgage application volume in the U.S. rose 5.4 percent in the week ended October 4, following an 8.1 percent climb in the previous week.

According to the report, refinance applications surged 10 percent, while applications to purchase a home fell 1.0 percent.

Meanwhile, the average fixed 30-year mortgage rate decreased to 3.90 percent from 3.99 percent.

“U.S. Treasury rates moved sharply lower last week, as data showing weakness in the services sector was a sign that slowing economic growth is not confined to the manufacturing sector,” said MBA’s Joel Kan, Associate Vice President of Economic and Industry Forecasting. “This in turn caused a flight to safety by investors, resulting in mortgage rates dropping across the board.”

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

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 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

Live Chat E-mail
Choose your language / location