Arab Today, arab today mortgage applications decline in week
Last Updated : GMT 05:25:49
Arab Today, arab today
Arab Today, arab today

Mortgage applications decline in week

Arab Today, arab today

Arab Today, arab today Mortgage applications decline in week

Washington - UPI

U.S. mortgage applications fell in the week despite declines in interest rates for long-term contracts, the Mortgage Bankers Association said Wednesday. The trade group said mortgage applications fell 4.3 percent week to week. The trade group\'s Refinancing Index fell 6 percent from the previous week to the lowest level since early May, the association said. In the week, interest rates for 30-year, fixed-rate conforming mortgages fell from 3.865 percent to 3.8 percent with points unchanged at 0.42. The average interest rate for 15-year fixed-rate mortgages also fell, dropping from 3.15 percent to 3.12 percent, with points unchanged at 0.44 in the week.

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