US mortgage applications fell 10.4% in latest week
(Il Sole 24 Ore Radiocor) - Milano, 1 apr - Mortgage applications in the US fell 10.4% on a seasonally adjusted basis from one week earlier, according to data from the Mortgage Bankers Association (MBA) for the week ending March 27.
It was the third week in a row that applications have fallen above the 10% threshold.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to 6.57% from 6.43%.
Applications for contracts to refinance a mortgage, which are sensitive to short-term changes in interest rates, fell by.
17% from the previous week.
(RADIOCOR) 01-04-26 14:06:09 (0420) 5 NNNN