Tin tức thị trường
29.05.2024

U.S. weekly mortgage applications tumble 5.7 per cent

The Mortgage Bankers Association (MBA) announced on Wednesday that the mortgage application volume in the U.S. tumbled 5.7 per cent in the week ended May 24, following a 1.9 per cent climb the week before. This represented the first decline in total mortgage application volume in four weeks, the pace of which was also the steepest since the week that ended February 16 (-10.6 per cent).

According to the MBA’s data, last week’s drop in mortgage applications was primarily due to a 13.6 per cent plunge in mortgage refinance applications. In addition, mortgage applications to purchase a home fell 1.1 per cent. 

The report also revealed the average fixed 30-year mortgage rate from 7.01 per cent to 7.05 per cent, recording its first advance in four weeks. 

Commenting on the latest survey results, Joel Kan, MBA’s vice president and deputy chief economist, noted both purchase and refinance applications fell, pushing overall activity to the lowest level since early March. “Borrowers remain sensitive to small increases in rates, impacting the refinance market and keeping purchase applications below last year’s levels,” he added.

Xem thêm