New home mortgages up, refinances down
Amid rising rates, the Mortgage Bankers Association reported that, overall, mortgages were up 2.4% last week. Mortgage refinances are still down.
The average 30 year fixed mortgage rate is at 6.08, up slightly from the previous week.
Most analysts are predicting steady behavior from the real estate market, as well as well as from mortgage rates. Some are waiting to see what affect the variable rates of maturing ARM loans will have on the significant percentage of mortgage customers that used such funding.
Interested in a mortgage broker?
The average 30 year fixed mortgage rate is at 6.08, up slightly from the previous week.
Most analysts are predicting steady behavior from the real estate market, as well as well as from mortgage rates. Some are waiting to see what affect the variable rates of maturing ARM loans will have on the significant percentage of mortgage customers that used such funding.
Interested in a mortgage broker?
posted by Dahcredyns at 11:02 AM
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