• 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 Refinances up 18% as Inventories Remain Low

February 2, 2022 by Forex Winner Leave a Comment

Mortgage Refinances up 18% as Inventories Remain Low

Source: CNBC

Mortgage applications saw a double-digit climb in the past week, with the average purchase loan size jumping to record highs as inventories dwindle. XHB is up 1.10%.

  • Seasonally adjusted applications to refinance a home loan increased by 18% week to week, but 50% lower than the same week in the previous year.
  • The share of mortgage activity grew to 57.3% of total applications from 55.8% in the week earlier.
  • The average contract interest rate for 30-year fixed-rate mortgages jumped to 3.78% from 3.72%. Points for loans with 20% downpayment fell to 0.41 from 0.43.
  • The average loan size hit $441,100, marking the highest level in the survey’s history amid low inventory levels.
  • A Black Knight analysis found that some 5.9 million borrowers can still accumulate enough to make the process worth it, down from 11 million at the start of 2022.
  • Mortgage applications for home purchases grew 4% for the week but down 7% from the same week in 2021.

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Your email address will not be published.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 *

− two = two

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

hycm

HYCM Review

September 9, 2019 By Forex Winner

InstaForex

InstaForex Review

December 26, 2019 By Forex Winner

ayondo

Ayondo Review

June 14, 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