- Analytics
- News and Tools
- Market News
- U.S. weekly mortgage applications increase
U.S. weekly mortgage applications increase
The Mortgage
Bankers Association (MBA) reported on Wednesday the mortgage application volume
in the U.S. rose 3.8 percent in the week ended December 6, following a 9.2
percent plunge in the previous week.
According to
the report, refinance applications surged 8.7 percent, while applications to
purchase a home fell 0.4 percent
Meanwhile, the
average fixed 30-year mortgage rate edged up to 3.98 percent from 3.97 percent.
“The 30-year
fixed mortgage rate remained under 4% for the fourth straight week, and rates
for FHA loans declined close to their lowest level of the year,” noted Joel
Kan, MBA’s associate vice president of economic and industry forecasting. “The
decrease in FHA rates led to a 27% jump in refinance applications for those
loans, and their share of refinance activity - at 14% - was the highest since
2016.”
“The November
jobs data showed increased payroll gains and low unemployment, which means conditions
remain favorable for steady purchase growth in the coming months,” added Kan.
© 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.
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.
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
