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Mortgage Applications Jump As Loan Rates Dip
Demand for mortgages jumped 9.4% for the week ending July 4, adjusted for the holiday break, according to Mortgage Bankers Association data. The rise in loan applications came as rates for the 30-year fixed mortgage fell to 6.77%, the lowest levels in three months.
Economists generally expect the average rate on a 30-year mortgage to remain above 6% this year. Recent forecasts by ...
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More homeowners decided to refinance their current mortgage, as interest rates remained fairly steady—under 7%.
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Changing the terms of your home loan can make your mortgage payments affordable and help you avoid foreclosure.
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