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<Econ> US MBA Mortgage Applications Up 7.9% WoW
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According to data from the Mortgage Bankers Association (MBA), for the week ended April 17, US mortgage applications increased 7.9% from the previous week, in line with a 7 bps decline in the benchmark mortgage rate over the same period to 6.35%. Refinancing applications, which are more sensitive to short-term interest rate movements, rose 6%. Meanwhile, mortgage applications for home purchases surged 10%. Mike Fratantoni, MBA Senior Vice President and Chief Economist, said that despite geopolitical uncertainties, housing demand continues to be supported by a still-resilient labor market. In addition, as inventory levels have increased compared with last year, homebuyers across most parts of the country are experiencing a buyer's market. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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