Mortgage rates continued to climb for the sixth straight week, reaching the highest level since November 2023. That caused weekly demand to drop 6%, according to the Mortgage Bankers Association's seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, increased last week to 7.30% from 7.12%, with points increasing to 0.75 from 0.73, including the origination fee, for loans with a 20% down payment. Refinance demand has been hit hardest, given that so few borrowers can now benefit at today's higher interest rates. Applications to refinance a home loan dropped 9% for the week and were 56% lower than the same week one year ago.
Chung toi hien cong khai y chinh. Tao tai khoan mien phi de doc toan bo bai viet, luu, thao luan va ket noi voi boi canh thi truong va OSINT.