US Mortgage Applications Increase by 2.6%... Interest Rates Slightly Decline
The number of weekly mortgage applications in the United States increased by 2.6% compared to the previous week, the Mortgage Bankers Association announced on the 8th (local time). The previous week recorded a -2.3% change.
![[Image source=AP Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2024050820572565361_1715169445.jpg)
The average interest rate for 30-year fixed-rate mortgages fell from 7.29% last week to 7.18% this week. This rate had been rising for four consecutive weeks but dropped for the first time since March.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- [Breaking] Samsung Labor-Management 'Performance Bonus Negotiations' Fail in Third Mediation... Union Says "General Strike to Proceed as Planned Tomorrow"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Bloomberg reported, "Mortgage rates declined as Federal Reserve Chairman Jerome Powell signaled a lower likelihood of interest rate hikes," but added, "They still remain more than double the levels seen at the end of 2021."
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
