Purchase loan demand eases as mortgage rates rise | South Salem Real Estate


With rates headed up, demand for purchase loans fell a seasonally adjusted 4 percent from the week before during the week ending May 10, but was still up 10 percent from a year ago, the Mortgage Bankers Association said in releasing the results of its latest Weekly Mortgage Applications Survey.

After declining for seven weeks in a row, rates for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) averaged 3.67 percent, up from 3.59 percent the week before, the MBA said. Points also increased to 0.41 from 0.33 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

 

 

Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » Purchase loan demand eases as mortgage rates rise | South Salem Real Estate.

About robertpaulrealtor 914-325-5758

Realtor in Bedford NY specializing in marketing and selling luxury homes and finding the perfect homes for new buyers. Working in Armonk, Katonah, Pound Ridge, Lewisboro, Chappaqua and North Salem. 914-325-5758 robert.paul@elliman.com
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