- Analytics
- News and Tools
- Market News
- U.S. weekly mortgage applications climb
U.S. weekly mortgage applications climb
The Mortgage Bankers Association (MBA) reported on Wednesday the mortgage application volume in the U.S. surged 30.2 percent in the week ended January 10, following a 13.5 percent jump in the previous week. That marked the biggest advance since the week ended March 20, 2009.
According to the report, refinance applications climbed 42.7 percent, while applications to purchase a home rose 15.5 percent.
Meanwhile, the average fixed 30-year mortgage rate dropped to 3.87 percent (the lowest level since September 2019) from 3.91 percent.
"Refinances increased for both conventional and government loans, as lower rates provided a larger incentive for borrowers to act," noted Joel Kan, an MBA economist. "It remains to be seen if this strong refinancing pace is sustainable, but even with the robust activity the last two weeks, the level is still below what occurred last fall."
© 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
