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Mortgage Rates, Applications Stall in Latest Week

Mortgage News > Mortgage Rates, Applications Stall in Latest Week
Date: 10/04/2018    Mortgage Rates, Applications Stall in Latest Week

There was almost no change in mortgage interest rates or in total home loan applications filed in the past week. The Mortgage Bankers Association reported that its mortgage application volume index was flat at 352.6 during the week ended September 28, although it is down 15% over last year. Freddie Mac found that the average rate on a 30-year fixed rate loan barely wavered, down to 4.96% from 4.97% the week before. And while home prices have continued to rise, they have climbed at a slower pace in recent months, with more deceleration expected. 

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