Mortgage Rates Fall, Homebuyer Demand Rises in the US
TL;DR
US 30-year fixed mortgage rates have dropped for the fifth consecutive week to a two-month low, boosting demand for homebuying. The contract rate fell 10 basis points to 6.3% in the period ended April 7, according to the Mortgage Bankers Association. However, borrowing costs remain high and housing inventory is limited, which has kept a lid on homebuying activity. The MBA's index of refinancing applications ticked up 0.1%, while the overall gauge of mortgage applications rose to the highest since early February.
Topics:businessfinance#finance#homebuying#mortgage-bankers-association#refinancing-applications#treasury-bonds#us-mortgage-rates
- US 30-Year Mortgage Rate Drops a Fifth Week to Two-Month Low Yahoo Finance
- Homebuyer mortgage demand jumps after interest rates drop to two-month low CNBC
- Real estate: 30-year fixed mortgage rates fall, homebuying demand rises Yahoo Finance
- These are the latest mortgage rates — and they are up from this time last week MarketWatch
- Mortgage rates dip slightly following latest CPI report CNBC Television
Want the full story? Read the original reporting
Read on Yahoo Finance