Adjustable-rate mortgage demand hits highest level in nearly a year as interest rates continue to climb

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 7.90% from 7.70% last week.Applications for a mortgage to purchase a home fell 2% for the week and were 22% lower than the same week one year ago.

Total application volume dropped 1% last week compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 7.90% from 7.70%, with points increasing to 0.77 from 0.71 — including the origination fee — for loans with a 20% down payment.

Source: Loan Digest (loandigest.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pink Recalls Near-Fatal November 1995 Drug Overdose on '60 Minutes'Pink appeared on' 60 Minutes' and recalled the near-fatal overdose she suffered in November 1995, months before signing her first record deal.
Source: RollingStone - 🏆 483. / 51 Read more »

P!nk Details Tough Childhood, 1995 Overdose in '60 Minutes' InterviewShe also said she always leaned into the strength of her vocals. “I never got a record deal because I was cute.”
Source: billboard - 🏆 112. / 63 Read more »

Chemists, engineers craft adjustable arrays of microscopic lensesThey number in the thousands, light striking the phalanx of lenses arrayed on a face in geometric pattern, the beams refracting through transparent mounds no wider than a hair.
Source: physorg_com - 🏆 388. / 55 Read more »

Chemists, engineers craft adjustable arrays of microscopic lensesA team has created minuscule lenses that it can expand or contract in mere seconds -- modifying their magnification, focal length and other optical properties in the process. That on-the-fly adaptability bodes well for the design's use in micro-projection systems and even the culturing of cells, the researchers said.
Source: ScienceDaily - 🏆 452. / 53 Read more »

Blink-182 to play Fort Worth concert in Dickies Arena in 2024. They were here last in 1995When the alternative rock band returns to Fort Worth in 2024, they will have released eight additional albums since their 1995 concert
Source: startelegram - 🏆 248. / 63 Read more »

Pink reveals new details about her Thanksgiving 1995 overdose at a rave: 'I was off the rails'In a new interview with '60 Minutes,' Pink reveals new details about her Thanksgiving 1995 overdose at a rave.
Source: EW - 🏆 713. / 51 Read more »