Mortgage applications fell 0.8% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.27%.
The numbers: Mortgage demand is at a 27-year low as homeowners held off on refinancing amid an increase in rates.
The market index fell 0.8% to 182.2 for the week ending September 8 from a week earlier. A year ago, the index stood at 255. But few homeowners found it an opportune time to refinance. The refinance index fell 5.4%. The drop in refinance applications was the lowest level since January. The average rate for a 30-year mortgage backed by the Federal Housing Administration rose to 7.04% from 7.03%.The rate for adjustable-rate mortgages rose to 6.59% from last week’s 6.33%.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
6 ways to lower your mortgage costs in today's high rate environmentHousing affordability is low, but there are a few strategies you can use to help reduce the costs.
Baca lebih lajut »
Tunnel To Towers is honoring the 22nd anniversary of 9/11 by providing 22 mortgage payoffs or mortgage-free homes -SAN DIEGO (KUSI) – On September 11, 2001, FDNY firefighter Stephen Siller laid down his life to save others when America was attacked. For over 20 years, the Tunnel to Towers Foundation has honored Stephen’s legacy by supporting the heroes who continue to risk life and limb in the line of duty. To date, Tunnel to Towers has delivered over...
Baca lebih lajut »
9 ways home buyers can stretch their dollars amid high mortgage ratesReal estate and loan professionals offer some strategies that may help hopeful home tackle 7% mortgage rates, and get in the door of the house they want.
Baca lebih lajut »
UK Mortgage Arrears Jump 28% as High Rates Squeeze BorrowersBritish households are further falling behind on loan payments after a surge in interest rates, with arrears jumping by more than a quarter in the year through June as higher interest rates began to bite harder.
Baca lebih lajut »
Average monthly mortgage payment at near all-time highHigh mortgage rates have brought average monthly mortgage payments to near-record highs as Americans deal with economic uncertainty. But there are ways to lower your monthly mortgage payments.
Baca lebih lajut »
Graham Davies Named CEO of the Digital Media AssociationDavies, who has served as CEO at The Ivors Academy since 2018, will assume his new role this fall.
Baca lebih lajut »