Mortgage rates fell in March as the Federal Reserve softened its interest rate hikes on March 22. The decision to implement a 25 basis point hike came after the collapse of Silicon Valley Bank and Signature Bank and the banking instability that followed.
The 30-year mortgage rate hit 6.42% this...
The U.S. mortgage rates have seen a slight decline this week, but not enough to significantly drive up the demand.
According to a report from the Mortgage Bankers Association (MBA), the contract rate on a 30-year fixed-rate mortgage came down from 7.02% to 6.94% this week, the first time it...
The Mortgage Bankers Association’s (MBA) refinancing index rose 34.5% to 889.3, the highest level since the height of the pandemic in 2020. For the week ended August 9, mortgage applications for purchasing a home rose by 2.8%, the highest level since the first week of June.
MBA reported that its 30-year...