Open Demo Account
Home / Market Update / U.S. Mortgage Applications Decline for Second Week

U.S. Mortgage Applications Decline for Second Week

M. Ali 7 April, 2021 9:00 pm Market Update

Applications for new loans to purchase houses in the United States declined by 4.6% last week, data by the Mortgage Bankers Association (MBA) showed on Wednesday.

This is the second consecutive weekly decline for U.S. mortgage applications.

The fixed-rate for the 30-year mortgage rose to its highest level in about 10 months at 3.36%, which contributed to the decline in mortgage applications coupled with rising house prices due to supply shortage.

Tags

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends