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- Mar 28, 2018
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Mortgage rates saw the biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month.
Total mortgage application volume rose 2.5% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.61% from 7.86%, with points falling to 0.69 from 0.73 (including the origination fee) for loans with a 20% down payment.
Mortgage rates falling? Housing demand rising?
Gosh darn this terrible economy!!
Whatever are we to do? How will we survive?
Oh Woe Is US!!!
Mortgage rates plunge and demand finally inches back
Mortgage rates saw their biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month.
www.cnbc.com