Share Prices & Company Research

Market News

04 Dec 2024 | 12:21

US weekly mortgage applications rise 2.8pc

(Sharecast News) - US mortgage applications rose 2.8% in the week ended 29 November, according to the Mortgage Bankers Association. While last week's increase slowed from the previous week's 6.3% surge, mortgage applications still registered a fourth consecutive weekly

Applications to refinance a mortgage retreated from 501.7 points to 498.50 points, while applications to purchase a home surged to 161.50 points from 152.90 points.

Also of note, last week's increase came as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 6.69% from 6.86%















Reporting by Iain Gilbert at Sharecast.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new portfolio or transferring your portfolio from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.