Iain Gilbert Sharecast News
29 Jan, 2025 13:49

US mortgage applications fall 2pc

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Sharecast / Debby Hudson via Unsplash

US mortgage applications fell 2% week-on-week in the seven days ended 24 January, according to the Mortgage Bankers Association of America.

Last week's decline came as benchmark mortgage rates remained above the 7% threshold despite a drop in long-dated Treasury yields.

Applications to refinance a mortgage fell 7%, while applications to purchase a new home slipped 0.4%.

Reporting by Iain Gilbert at Sharecast.com

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