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“The mortgage interest rate fell last week, in which the 30-year fixed rate fell to the lowest level since April to 6.64%. However, that was not enough to generate more application activities,” said Joel Kan, vice-president and substitute champion of MBA. The refinancing index rose by 1% compared to the last week and was 20% […]
“Mortgage applications have fallen at their lowest level since May, with both purchase and refinancing activity that falls in the week. There is still a lot of uncertainty about the economy and the labor market, which weighs on the decisions of potential home buyers,” said Joel Kan, MBA’s vice -president and vice -headcurro. “The fixed […]
