Friday, December 2, 2022

Mortgage demand rises 2.2% as interest rates decline slightly

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  • Overall mortgage applications rose for the week, but were still far below last year’s levels.
  • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.67% last week from 6.90%
  • Mortgage applications to purchase a home rose 3% for the week, but they were down 41% from a year ago.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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