- Analytics
- News and Tools
- Market News
- U.S. weekly mortgage applications decline 3.3 percent
U.S. weekly mortgage applications decline 3.3 percent
The Mortgage Bankers Association (MBA) reported on Wednesday the mortgage application volume in the U.S. fell 3.3 percent in the week ended April 24, following a 0.3 percent drop in the previous week.
According to the report, refinance applications decreased 7.3 percent, while applications to purchase a home surged 11.6 percent.
Meanwhile, the average fixed 30-year mortgage rate fell to 3.43 percent from 3.45 percent. That was the lowest level in the MBA's survey, which began in 1990.
"The 10 largest states [by application volume] had increases in purchase activity, which is potentially a sign of the start of an upturn in the pandemic-delayed spring homebuying season, as coronavirus lockdown restrictions slowly ease in various markets," noted Joel Kan, MBA's associate vice president of economic and industry forecasting. "California and Washington continued to show increases in purchase activity, with New York seeing a significant gain after declines in five of the last six weeks."
© 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
