Mortgage applications to purchase a home rose 1% last week but were 30% lower than the same week one year ago. Buyers are now seeing less competition in today’s pricey market, so some may be jumping in when they have the chance.
Mortgage application volume increased last week for the first time in six weeks, according to the Mortgage Bankers Association, despite a rise in interest rates.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.25% from 6.01%, with points decreasing to 0.71 from 0.76 for loans with a 20% down payment. It also may have been that the very few borrowers remaining who could benefit from a refinance finally got off the fence, seeing that rates could climb even higher for the foreseeable future.
Mortgage applications to purchase a home rose 1% for the week but were 30% lower than the same week one year ago. Buyers are now seeing less competition in today’s pricey market, so some may be jumping in when they have the chance. Homes are sitting on the market longer and sellers are far more willing to negotiate than they were even three months ago.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bay Area man plans to complete 30 acts of kindness before turning 30 years oldBryan Tsiliacos is making it his mission to complete 30 acts of kindness before turning 30 next year.
Baca lebih lajut »
More Democrats Support Prop 30, Which Newsom OpposesMore Democratic leaders are coming out to support Prop 30, while Gov. Gavin Newsom is campaigning against it.
Baca lebih lajut »
30-year-old capital murder defendant free from jail after posting $9,000 bond30-year-old Eric Todd Semien and three others are charged with capital murder in the May 26, 2016, deaths of Javier Moreno and Roger Pantoja.
Baca lebih lajut »
Canada to drop COVID vaccine requirement to enter country on Sept 30-sourceCanada's federal government will likely drop its COVID-19 vaccine requirement for people entering Canada at the end of the month, a government source said on Tuesday.
Baca lebih lajut »
Ripple Moves 30 Million XRP, Here's Why It Could Be BullishBig XRP transfer from Ripple has been spotted, along with XRP transactions by other market players worth 262 million XRP
Baca lebih lajut »