Reply To: US Mortgage Applications Fall for Sixth Straight Week as Mortgage Rates Surge to Highest Since 2010

#36181
TradersCom
Keymaster

April 27 – Reuters (Lindsay Dunsmuir): “The average interest rate on the most popular U.S. home loan rose to its highest level since June 2009 last week and demand for mortgages ebbed as the impact of rising costs began to bite, Mortgage Bankers Association (MBA) data showed… The average contract rate on a 30-year fixed-rate mortgage increased to 5.37% in the week ended April 22 from 5.20% a week earlier, the MBA survey showed. It has risen 220 bps from 12 months ago…”