Notizie economiche
26.06.2024

U.S. weekly mortgage applications rise 0.8 per cent

The Mortgage Bankers Association (MBA) reported on Wednesday that the mortgage application volume in the U.S. rose 0.8 per cent in the week ended June 21, following a 0.9 per cent increase the week before. This marked the third straight weekly advance in total mortgage application volume.

According to the MBA’s data, last week’s soar in mortgage applications was primarily due to a 1.2 per cent gain in mortgage applications to purchase a home. Meanwhile, mortgage refinance applications slipped 0.1 per cent. 

The report also revealed that the average fixed 30-year mortgage rate edged down from 6.94 per cent to 6.93 per cent, the lowest level since late March.

Commenting on the latest survey results, Joel Kan, MBA’s vice president and deputy chief economist, said that lower rates were still not enough to entice refinance borrowers back, as most continue to hold mortgages with considerably lower rates. Ha also noted that purchase applications did see a small increase after adjusting for the Juneteenth holiday. “Government purchase loans, primarily FHA and VA, saw gains of more than 2 per cent over the previous week, as homebuyers in those segments sought to take advantage of the recent rate relief,” Kan added.

Guarda anche