On August 16, 2024, the sale of housing in Los Angeles, California was displayed outside the house.
Patrick T. Fallon | Agence France -Prestery | Getty Image
The interest rate of mortgage loans did not increase last week, but the demand for new house loans continued to weaken. Both buyers and current homeowners are hindered by high interest rates today.
According to the data of the seasonal adjustment index of the mortgage bank association, the total mortgage application volume decreased by 2 % over last week.
The average contract interest rate of the 30 -year fixed interest rate mortgage loan remained unchanged at 7.02 %, the points increased from 0.62 (including the original expenses) (including the original expenses), and the loan was increased from 0.62 (including the original expenses). 20 %.
The application for re -financing, this week’s house loan fell by 7 %, 5 % higher than the same week ago. The interest rate is now 24 basis points higher than a year ago, so few valuable people can benefit. Most homeowners’ mortgage loans are lower than the costs provided today.
The application for the mortgage loan to buy a house decreased by 0.4 % a week ago, 7 % lower than the same week ago.
Joel Kan, vice president and vice chief economist of MBA MBA, said: “The purchase activity has declined slightly, but the application for FHA to buy loans is a highlight, an increase of 2 %.”
“New and existing house sales have a lot of benefits at the end of 2024. If the interest rate of mortgage loan continues to stabilize and sells stocks, we expect that the purchase activities in the next few months will gradually collect.”
The interest rate of mortgage loans has not moved much this week, and it is expected that the Fed will not bring any surprises or trading news on Wednesday.
Matthew Graham, chief operating officer of the Mortgage News Daily, wrote: “Even Powell, it is difficult to consider that there are gentle and positive reminders in inflation data and continuous policy uncertainty as one “Species.” “In other words, people can never truly rule out the turbulent response to Powell pressure machines, but the probability of this time will definitely be reduced.”
