empty
 
 

25.02.202612:08:45UTC+00US Mortgage Applications Inch Higher

The volume of US mortgage applications edged up 0.4% from the previous week in the third week of February, following a 2.8% increase in the prior period, according to data from the Mortgage Bankers Association. The gain was modest despite a sharp decline in benchmark mortgage rates, which fell to their lowest level in nearly four years as weak risk appetite prompted investors to move into long-dated Treasuries. Demand for mortgage refinancing contracts, which are more sensitive to short-term interest rate movements, rose 4%. Meanwhile, applications for home purchase mortgages fell 5%, with the report pointing to limited new supply that kept many potential buyers on the sidelines.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback