Mortgage demand continues to drop, even though interest rates have come down slightly from recent highs.
Applications for a loan to purchase a home fell 1% for the week, and were 18% lower than the same week one year ago.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased last week to 5.74% from 5.82%.Mortgage demand edged lower for the fourth straight week, according to data released Wednesday, even though interest rates have fallen from their recent highs. Total volume was down 1.8% last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
Applications for a loan to purchase a home fell 1% for the week but were 18% lower than the same week one year ago. More supply is coming onto the housing market, as competition cools among buyers. But prices and rates are still high, and inflation is weakening consumer confidence.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
EU Finally Strikes Deal To Slash Gas Demand As Russia Starts Squeezing Taps ClosedI am a breaking news reporter and associate editor for the Forbes breaking news team, covering Europe and the U.S. from London. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you.
Weiterlesen »
Parents who lost son to fentanyl demand congressional action: 'It's disgusting how many people are dying'The parents of an Iowa teen who died of accidental fentanyl poisoning are warning parents about the dangers of the synthetic opioid nearly a year after their son's death.
Weiterlesen »
Visa profit sails past estimates on resilient consumer demandVisa Inc beat estimates for quarterly profit on Tuesday as resilience in consumer spending so far and a summer travel boom across much of the United States translated into higher card spends.
Weiterlesen »
House Intel Republicans demand Afghanistan withdrawal declassificationsHouse Republicans are calling on the Biden administration to release information related to the chaotic withdrawal of U.S. troops almost a year ago that preceded the collapse of the Afghan government and the Taliban retaking power.
Weiterlesen »
The Bigger Warehouse Story Behind the Walmart Consumer Demand IssuesWalmart’s inventory build and markdowns come amid a national warehouse market in which there is little capacity left due to seasonal and pandemic trends.
Weiterlesen »
GBP/USD drops to fresh daily low, closer to mid-1.1900s amid resurgent USD demandGBP/USD drops to fresh daily low, closer to mid-1.1900s amid resurgent USD demand – by hareshmenghani GBPUSD Recession RiskAppetite Fed Currencies
Weiterlesen »