U.S. Mortgage Applications Down 1.7%... 30-Year Rate at 7.16%
On the 26th (local time), the Mortgage Bankers Association (MBA) in the United States announced that the number of mortgage applications in the U.S. decreased by 1.7% compared to the previous week. This decline was smaller than the 4.5% decrease seen the week before.
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The 30-year mortgage rate announced by the MBA rose slightly to 7.16%, compared to 6.94% the previous week.
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