• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Forex Brokers
  • Best Forex Robots
  • Best Forex Signals
  • Best Managed Accounts

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Mortgage Applications Slip as Interest Rates Grow

February 9, 2022 by Forex Winner Leave a Comment

Mortgage Applications Slip as Interest Rates Grow

Source: CNBC

Mortgage applications posted double-digit declines in the past week, as demand waned with the continued increase in interest rates. XHB is up 0.67% premarket.

  • Mortgage applications to purchase a home in the past week recorded a 10% decline from the previous week and a 12% drop from the previous year.
  • Applications to refinance a home loan slipped 7% from the previous week and 52% from the same week in the previous year.
  • Mortgage activity accounted for 56.2% of total applications, down from 57.3% the past week.
  • The average contract interest rate for 30-year fixed-rate mortgages grew to 3.83% from 3.78%. Points for loans with a 20% downpayment fell to 0.40.
  • The average loan size grew to a record-high $446,000, showing that the majority of the buying is on the higher end of the market.
  • January’s total home inventory for sale recorded a 28% decline from the same month last year, with new listings down 9% to mark the second month of declines.

And here is a golden tip

Want to profit from forex news? These forex robots earned the best historical yields to investors. Check out Best Forex Robots

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

five + four =

Primary Sidebar

Latest News

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

May 20, 2022

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

May 20, 2022

Great Britain Retail Sales Rebounds as Buying Activity Climbs

Great Britain Retail Sales Rebounds as Buying Activity Climbs

May 20, 2022

Best Forex Robots

  1. Happy Forex 8.0
  2. Forex Fury 7.7
  3. Promax Gold EA 6.8
  4. Gump EA 6.4
  5. Forex inControl Reborn 6.0

Footer

Forex Broker Reviews

atc brokers

ATC Brokers Review

June 14, 2019 By Forex Winner

tier1fx

Tier1fx Review

February 18, 2020 By Forex Winner

icm capital

ICM Capital Review

September 13, 2019 By Forex Winner

Forex Robot Reviews

Genius Asset Review

Genius Asset Review

May 19, 2022 By Forex Winner

My Forex Path Review

My Forex Path Review

May 12, 2022 By Forex Winner

Powerhouse EA

Powerhouse EA Review

April 29, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure