US Mortgage Loan Interest Rate at 7.21%... Application Volume Decreases by 2.9%
On the 6th (local time), the Mortgage Bankers Association (MBA) in the United States announced that the average interest rate for 30-year mortgages last week was 7.21%, slightly down from 7.31% the previous week.
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The number of mortgage applications in the U.S. decreased by 2.9%. The previous week had seen an increase of 2.3%.
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