(Finance) – The mortgage applications in the United States. In the week ending September 1, 2023, the index measuring the volume of mortgage loan applications recorded a decrease of 2.9%, after +2.3% in the previous week.
The index related to requests for refinancing fell by 4.7%, while that relating to new questions recorded a decrease of 2.1%.
This was announced by the Mortgage Bankers Associations (MBA), indicating that i thirty-year mortgage rates they dropped to 7.21% from 7.31% the previous week.
“Mortgage applications are down to lowest level since December 1996despite a decline in mortgage rates, said Joel Kan, MBA economist. Rates have remained more than a full percentage point higher than a year ago, despite mixed data on the health of the economy and signs of a cooling market. of work”.