Mortgage Lenders See Increase in Applications From Week Earlier Before ‘Rates Go Even Higher’
Share
Mortgage lenders in the US saw a 12% increase in applications from a week earlier — with the average contract interest rate for 30-year fixed mortgages increasing to 3.86% from 3.69%, according to the Mortgage Bankers Association.
Joel Kan, MBA’s associate vice president of economic and industry forecasting, pointed out that refinance applications were up 18% with homeowners “trying to secure a refinance before rates go even higher.”
Investors expect the Federal Reserve to begin raising interest rates in March to fight inflation.
Read more at Fox Business
RELATED TOPICS:
Wanted Fugitive Found Hiding in Attic Arrested in Chowchilla
Crime /
3 hours ago
Trump Says US Will Impose 25% Tariffs on Japan, South Korea
Politics /
3 hours ago
Wall Street Knocked Lower by Tariff Jitters, Musk’s Political Plan Hurts Tesla
Economy /
3 hours ago
Planned Parenthood Sues Trump Administration Over Planned Defunding
Politics /
4 hours ago
Two Border Patrol Officers Injured After Gunman Opens Fire in Texas
Crime /
4 hours ago
Fresno Police Arrest 9 at Independence Day DUI Checkpoint
Local /
4 hours ago
Dollar rises after Trump announces Japan, South Korea tariffs
NEW YORK – The dollar rose sharply against other major currencies on Monday, after U.S. President Donald Trump announced new tariffs ...
Economy /
8 minutes ago
Categories
Latest
Videos

Economy /
8 minutes ago
Dollar rises after Trump announces Japan, South Korea tariffs

Crime /
23 minutes ago
Merced Man Gets More Than 15 Years for Meth Trafficking, High-Speed Chase

News /
2 hours ago
Man Dead After Firing at US Border Patrol Station in Texas

Crime /
3 hours ago
Wanted Fugitive Found Hiding in Attic Arrested in Chowchilla

Politics /
3 hours ago
Trump Says US Will Impose 25% Tariffs on Japan, South Korea

Economy /
3 hours ago
Wall Street Knocked Lower by Tariff Jitters, Musk’s Political Plan Hurts Tesla

Video /
4 days ago