- Analytics
- News and Tools
- Market News
- U.S. weekly mortgage applications increase 0.8 percent
U.S. weekly mortgage applications increase 0.8 percent
The Mortgage
Bankers Association (MBA) reported on Wednesday the mortgage application volume
in the U.S. increased 0.8 percent in the week ended December 18, following a 1.1
percent advance in the previous week.
According to
the report, refinance applications surged 3.8 percent, while applications to
purchase a home fell 4.6 percent.
Meanwhile, the
average fixed 30-year mortgage rate edged up 2.86 to from record low of 2.85
percent.
“Last week’s
increase in refinance applications was driven by FHA and VA activity, while
conventional refinances saw a slight decline,” said Joel Kan, MBA’s associate
vice president of economic and industry forecasting. “There are still signs of
relative strength in the housing market as 2020 ends. However, housing
affordability will be worth monitoring next year,” he added.
© 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
