This is a news story, published by CNBC, that relates primarily to MBA news.
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rate mortgagesCNBC
•78% Informative
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($ 766,550 or less) decreased to 6.29% from 6.43% .
That is the lowest level since February 2023 and nearly a full percentage point lower than the same week one year ago .
Total mortgage demand rose just 1.4% for the week , according to the MBA 's seasonally adjusted index.
Refinance applications only increased 1% week to week , but were 106% higher than a year ago ..
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