• U.S. mortgage applications fell last week

Noticias del mercado

19 junio 2019

U.S. mortgage applications fell last week

The Mortgage Bankers Association (MBA) reported on Wednesday the mortgage application volume in the U.S. fell 3.4 percent in the week ended June 14, following a 26.8 percent climb in the previous week.

According to the report, both refinance applications and applications to purchase a home dropped 3.5 percent.

Meanwhile, the average fixed 30-year mortgage rate increased to 4.14 percent from 4.12 percent.

“After seeing a six-week streak, mortgage rates for 30-year loans increased slightly, which led to a pullback in overall refinance activity,” said MBA economist Joel Kan. “Strong demand from first-time buyers and low unemployment continue to push this year’s purchase activity above a year ago,” Kan noted.

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