The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 3.82% from 3.74% last week.
Total mortgage application volume fell 29.4% last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications to refinance a home loan, which had been surging dramatically in the last month, fell 34% for the week but were still 195% higher than a year ago, when rates were 63 basis points higher. Refinances tend to be volatile, moving weekly with interest rates.
DianaOlick
DianaOlick Beautiful been sitting on cash the house market is next to tank! Prices are to inflated, cheap homes coming up!
DianaOlick Diana. Let’s talk tomorrow how small and medium size landlords get no relief yet can’t evict but have to pay their mortgages tomorrow. It’s actually pertinent
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