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Buying A Home
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Purchase Loan Activity Continues Rising as More States Reopen
Overall, mortgage applications have increased 2.7% from this time last week. The adjusted purchase index increased 7% from a week ago and was up 9% from this time last year. On the jump, MBA’s Joel Kan, the Associate Vice President of Economic and Industry Forecasting, had this to say: “The housing market is continuing its…
LOOKING FOR A LOCAL MORTGAGE EXPERT?
Rates Decrease Slightly, Mortgage Activity Way Down
On Thursday, October 6, 2022, Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), stating that the 30-year fixed-rate mortgage (FRM) averaged 6.66 percent, down from last week when it averaged 6.70 percent. The 15-year fixed-rate mortgage averaged 5.90 percent, down from last week when it averaged 5.96 percent. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 5.36 percent, up from…Read More
I Am Not a Loan