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Slowing! Mortgage Purchase Applications Down 2% From Previous Week, Down 8% From Same Week Last Year (Bankrate’s 30Y Mortgage Rate Rises To 4.46%)

by IWB
March 17, 2022
in Investing
Reading Time: 3 mins read
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by confoundedinterest17

Mortgage functions decreased 1.2 p.c from one week earlier, based on knowledge from the Mortgage Bankers Affiliation’s (MBA) Weekly Mortgage Functions Survey for the week ending March 11, 2022.

The seasonally adjusted Buy Index elevated 1 p.c from one week earlier. The unadjusted Buy Index elevated 2 p.c in contrast with the earlier week and was 8 p.c decrease than the identical week one yr in the past.

Slowing! Mortgage Purchase Applications Down 2% From Previous Week, Down 8% From Same Week Last Year (Bankrate’s 30Y Mortgage Rate Rises To 4.46%)

The Refinance Index decreased 3 p.c from the earlier week and was 49 p.c decrease than the identical week one yr in the past.

Bankrate’s 30-year mortgage price has surged to 4.46%.

Right here is a photograph of alligators in Nice Falls, Virginia, up-river from Washington DC. They’re seemingly congregating for the Fed Open Market Committee (FOMC) announcement in the present day.

 



















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Tags: 30YApplicationsBankratesMortgagepreviousPurchaserateRisesSlowingweekyear
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