Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current…
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 6.55% from 6.82%
Applications for a mortgage to purchase a home increased just 1% for the week but were still 11% lower than the same week one year ago. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances declined to 6.55% from 6.82%, with points falling to 0.58 from 0.62 for loans with a 20% down payment."Mortgage rates decreased across the board last week ...
Applications for a mortgage to purchase a home increased just 1% for the week, but were still 11% lower than the same week one year ago.
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