NEW YORK CITY-The Mortgage Bankers Assoc. has reported that the mortgage application demand rose for the third week in a row. The demand was mainly boosted by the low rates of interest. The seasonally adjusted index of mortgage applications, which includes refinance and purchase loans, of the MBA rose 1.3% at the end of July.
The four-week moving average of mortgage applications also rose by 0.3%. The 30-year average mortgage rate stood at 4.6% compared to 4.69% the previous week. For the full story, go to Reuters.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
