Mortgage applications rose 0.9% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.34%.
With mortgage rates falling to 6.34%, the lowest level the 30-year mortgage has been at since September, buyers are slowly returning to the market.
With mortgage rates falling to 6.34%, the lowest level the 30-year mortgage has been at since September, buyers are slowly returning to the market. The market index rose 0.9% to 212.5 for the week ending December 16. A year ago, the index stood at 588.4.The purchase index — which measures mortgage applications for the purchase of a home — fell by 0.1% from the previous week.
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