Mortgage Rates

Mortgage charges for Sept. 30


“Home purchase and refinancing mortgage applications fell slightly last week,” said Bob Broeksmit, MBA President and CEO. “The prospect of stronger economic growth and the impending curb on Federal Reserve bond purchases pushed mortgage rates up. … The strong demand in the housing market from the summer has continued into the fall, but low inventory levels continue to dampen activity and drive up house prices. The average loan amount for a purchase request reached $ 410,000, the highest since May 2021. “

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