- Analytics
- News and Tools
- Market News
- U.S. weekly mortgage applications decrease 2.4 percent
U.S. weekly mortgage applications decrease 2.4 percent
The
Mortgage Bankers Association (MBA) reported on Wednesday the mortgage
application volume in the U.S. dropped 2.4 percent in the week ended August 27,
following a 1.6 percent gain in the previous week.
According
to the report, refinance applications fell 3.8 percent, while applications to
purchase a home rose 0.6 percent.
Meanwhile, the average fixed 30-year mortgage rate remained unchanged at 3.03.
“Despite
low rates, refinance applications declined, with some borrowers still waiting
for rates to drop even lower,” noted Joel Kan, MBA Associate Vice President of
Economic and Industry Forecasting. “Recent uncertainty around the economy and
pandemic have kept rates low over the past month, which is why the refinance
index has oscillated around these levels.”
© 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
