Mortgage applications down last week
Mortgage applications were down last week, mostly due to a drop in refinancing activity.
According to the Mortgage Bankers Association reports, 30-year fixed mortgage rates average 5.65 percent last week, just a bit down from the previous week's 5.68 percent.
The holidays are typically a slow time for mortgages and refinancing, so the results were not that unexpected.
If you are in the real estate market and are seeking to purchase a home, the holiday season might provide your perfect opportunity. Since less people are in the market right now, there are typically less offers being made on homes.
Click here to speak with a real estate agent.
According to the Mortgage Bankers Association reports, 30-year fixed mortgage rates average 5.65 percent last week, just a bit down from the previous week's 5.68 percent.
The holidays are typically a slow time for mortgages and refinancing, so the results were not that unexpected.
If you are in the real estate market and are seeking to purchase a home, the holiday season might provide your perfect opportunity. Since less people are in the market right now, there are typically less offers being made on homes.
Click here to speak with a real estate agent.
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