Mortgage Rates Fall for First Time in Months

For the first time in more than two months, mortgage rates fell.

According to The Hill, the MBA’s weekly survey shows the 30-year fixed-rate mortgage rate falling to 7.06 percent, down from 7.16 a week earlier, and applications decreasing for the sixth straight week. Rates, however, remained near the highest level in two decades.

The share of adjustable-rate mortgages, which rose recently as mortgage rates surged, declined from the previous week to 11.8 percent of total applications.

Read More

This website, digital publication, and all of its contents are the copyright protected legal intellectual property of Builder Media. None of the protected content of this publication may be copied, shared, forwarded, reposted, reformatted or in any way utilized for any purpose without the written permission of the Publisher, under penalty of suit as provided by U.S and International laws governing copyright.