Adjustable-rate mortgage demand jumps nearly 10% as buyers struggle to afford housing market

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 7.86% from 7.90%Applications for a mortgage to purchase a home fell 1% for the week and were 22% lower year over year.

Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 7.86% from 7.90%, with points decreasing to 0.73 from 0.77 for loans with a 20% down payment, according to the Mortgage Bankers Association. That is still 80 basis points higher than the same week one year ago.

Israel's ‘second phase' of war is underway as troops push into Gaza — but it appears deliberately ambiguous

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Adjustable-rate mortgage demand jumps nearly 10% as buyers struggle to afford today's pricey housing marketLast week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.86% from 7.90%.
Source: NBCLA - 🏆 319. / 59 Read more »