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<Econ> US MBA Mortgage Applications Rise 1.8% Last Week
According to the Mortgage Bankers Association (MBA)'s seasonally adjusted index, total mortgage application volume increased 1.8% last week compared with the previous week.For 30-y...
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<Econ> US MBA Mortgage Applications Rise 1.8% Last Week
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According to the Mortgage Bankers Association (MBA)'s seasonally adjusted index, total mortgage application volume increased 1.8% last week compared with the previous week.

For 30-year fixed-rate conforming loans with balances of USD832,750 or less, the average contract interest rate fell from 6.51% to 6.42%, marking the lowest level in one month. The decline boosted refinancing activity, offsetting the impact of weak homebuyer demand.

Related NewsFactory Orders MoM for Feb in the United States is 0.0%, unchanged from its last period. The forecast was -0.2%.
Refinancing applications, which are more sensitive to interest rate changes, rose 5%. Amid ongoing economic uncertainty, homebuyers remained cautious, with purchase applications declining 1%.

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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