The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.24percent % from 7.13%…
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 7.24percent % from 7.13%
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 7.24% from 7.13%, with points increasing to 0.66 from 0.65 for loans with a 20% down payment. "Purchase applications declined, as home buyers delayed their purchase decisions due to strained affordability and low supply," said Joel Kan, MBA's deputy chief economist.
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