Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The house will be sold for sale on April 24, 2025 in Austin, Texas.
Brandon Bell | Gets the image
Last week, the mortgage rates did not move, but the buyers continued to pull back against the backdrop of concern over the broad economy.
Applications for a home mortgage decreased by 4% last week compared to the previous week, reports the seasonally adjusted index of the mortgage bankers. The volume was only 3% higher than the same week ago, although the interest rates last year were much higher.
The average percentage of the contract for a 30-year fixed rate mortgage with a loan residue, $ 806,500 and less, decreased to 6.89% from 6.90%, and points increased to 0.67 from 0.66, including the origin fee, for loans with 20% initial payment. This 40 basic points are lower than the same week ago.
“The activity of mortgage applications, especially for shopping at home, still obeys broader economic uncertainty and signs of labor market weakness, decreasing to the slowest pace since February,” said Joel Kan, Vice President and Deputy Main Economist of the MBA. “Slowly increasing housing in many markets and for the first time home buyers are still in the mix, FHA has purchased applications better only with a slight decline.”
Applications for the refinancing of the housing loan decreased by 4% a week and were 42% higher than the same week ago.
“The activity of the refinancing has again decreased as the mortgage rates remained close to 7%, and the borrowers were stuck at a large decrease in the rates. Considering the refining, the average loan for the refinance decreased slightly under $ 290,000, which is the lowest level in three months,” the can.
The mortgage rates remained in the suspended state to start this week, but can finally escape in any direction starting from Wednesday, as a number of economic data will be published, ending on Friday with an important monthly employment report.
