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Mortgage applications climb for a 3rd straight week as housing-market activity trends towards a rebound amid lower interest rates
14 days ago | By Business Insider
30-year fixed mortgage rates are at a four-month low. Lance McMillan/Toronto Star via Getty Images
Home loan applications rose 7% last week as the 30-year fixed rate for mortgages fell further.
The Mortgage Bankers Association said the rate on the popular mortgage product fell to 6.2%, the lowest in four months.
Lower mortgage rates could spur more buyers into the currently "tepid" housing market.
Demand for US home loans rose again in early 2023 as a key borrowing rate slipped to a four-month low, a nascent trend that could point to improving conditions in the hard-hit housing market...
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