Main menu

Weekly mortgage refinances drop to an 18-year low as rates jump

Weekly mortgage refinances drop to an 18-year low as rates jump

"Purchase applications decreased over the week while the average loan amount for purchase loans increased to over $320,000 after averaging around $317,000 for the past four weeks, likely a sign that inventory for lower-priced homes remains low and the mix is still skewed toward larger loan balances," Kan said.

Comments 0