Interest in applying for mortgages could rebound soon as interest rates begin to fall.
could rebound soon as interest rates begin to fall."We will continue to assess the potential impact on mortgage demand from the sharp drop in interest rates this week due to the invasion of Ukraine," said Joel Kan, MBA’s associate vice president of economic and industry forecasting.declined 0.128 percentage points on Tuesday to 1.708%.· The yield is down for two consecutive trading days, according to Dow Jones Market Data Group.
"Purchase activity remained weak, but the average loan size increased again, which indicates that home-price growth remains strong, and a greater share of the activity is occurring at the higher end of the market," added Kan. The survey covers over 75% of all U.S. retail residential mortgage applications and has been conducted weekly since 1990.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia-Ukraine War: What to know as Ukraine resists advanceUkrainian troops slowed Russia’s advance on key cities, at least for now, while a Ukrainian delegation arrived at the border with Belarus on Monday for talks...
Read more »
Russia-Ukraine Live: Ukraine sets up hotline for families of Russian prisoners of warRussian and Ukraine officials held talks Monday as the invasion continues. Follow Newsweek for the latest updates.
Read more »
Nick Cave Cancels Russia/Ukraine Tour Dates, Praises 'Brave People of Ukraine'“Ukraine, we stand with you, and with all those in Russia who oppose this brutal act,” artist says
Read more »
Russia, Ukraine meet for talks; Russia shells Ukraine's second-largest city: LIVE UPDATESBelarus may join the Russian invasion of Ukraine, which entered its fifth day on Monday. Fighting in the streets has engulfed Ukraine's second-largest city, Kharkiv, and Russian troops are encircling Ukraine's capital city, Kyiv.
Read more »