Arab Today, arab today us mortgage activity drops with rates rising
Last Updated : GMT 13:29:47
Arab Today, arab today
Arab Today, arab today

US mortgage activity drops with rates rising

Arab Today, arab today

Arab Today, arab today US mortgage activity drops with rates rising

New York - UPI

U.S. mortgage applications fell in the week while interest rates for long-term contracts rose, the Mortgage Bankers Association said Wednesday. The trade group said mortgage applications rose 7.4 percent week to week. The trade group\'s Refinancing Index fell 9 percent from the previous week to the lowest level since early July, the association said. In the week, interest rates for 30-year, fixed-rate conforming mortgages rose from 3.76 percent to 3.865 percent with points falling from 0.47 to 0.42. The average interest rate for 15-year fixed-rate mortgages also rose, climbing from 3.12 percent to 3.15 percent, with points rising from 0.4 to 0.44 in the week.

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