Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 7.31% from 7.16%
The adjustable-rate mortgage share of applications increased to 7.6%, which was the highest level in five months. Total mortgage application volume fell 4.2% last week, compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What are today's mortgage and mortgage refinance interest rates?Knowing today's mortgage rates can help new homebuyers and homeowners looking to refinance lock in a good deal.
Source: CBSNews - 🏆 87. / 68 Read more »
Home buyers flee the housing market as mortgage rates surge to the highest level since 2000Mortgage applications fell 4.2% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.31%.
Source: MarketWatch - 🏆 3. / 97 Read more »
Mortgage rates forecast: How housing market will change in the near futureNewsweek asked two experts what's causing the rise in mortgage rates and what this means for the housing market in the coming future.
Source: Newsweek - 🏆 468. / 52 Read more »
Mortgage rates hit their highest point since 2000Mortgage rates hit the highest level since the end of 2000, and that is crushing affordability for potential homebuyers.
Source: NBCNewYork - 🏆 270. / 63 Read more »
Mortgage delinquency rates return to record low: CoreLogicMortgages in delinquency returned to a historic low in May, while foreclosures remained at an all-time low, according to the latest mortgage delinquency report from CoreLogic.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Mortgage rates continue to climb, reach highest level since 2000Mortgage rates are pushing even higher this week and are now clocking in at their highest level since the turn of the century.
Source: dcexaminer - 🏆 6. / 94 Read more »