US Mortgage Rates Hit Lowest in 4 Months... Applications Up 7%
[Asia Economy Reporter Lee Ji-eun] The mortgage interest rate in the United States has recorded its lowest level in four months, leading to an increase in loan applications.
On the 25th (local time), the Mortgage Bankers Association (MBA) of the United States announced that the average 30-year mortgage rate last week was 6.20%, slightly down from the previous week's 6.23%. This is the lowest level since September of last year.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
As mortgage rates decreased, the number of mortgage loan applications in the United States last week also increased by 7.0% compared to the previous week.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
