(Finance) – The mortgage applications in the United States, after the collapse of the previous week. In the week ending January 6, the index measuring the volume of mortgage loan applications recorded a growth of 1.2%, after -10.3% the previous week.
The index related to refinancing requests rose by 5% (-86% compared to the same week a year ago), while that relating to new questions records a -0.5%.
This was announced by the Mortgage Bankers Associations (MBA), indicating that i thirty-year mortgage rates fell to 6.42% from 6.58% the previous week.
“Mortgage rates fell last week as markets reacted to data showing a weakened economy and a slowdown in wage growth,” said Joel Kan, MBA vice president and deputy chief economist. “All loan types in the survey saw rates fall, with the 30-year fixed rate falling to 6.42%. “.
“Purchase applications continued to be hampered by the broader real estate market weakness and declined slightly during the week, with the index slipping to its lowest level since 2014,” he added.
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