Locked rates don’t push the request mortgages in America

9 years ago - Published in Finance, Fundamental Analysis

Requests for loans from American families return to fall, despite the Fed's decision to freeze rates.

In the week ending May 27, the index that measures the volume of mortgage applications decreased by 4.1%, after + 2.3% recorded in the previous week. About the index relating to refinancing applications it marked a decrease of 4%.

This was announced by the Mortgage Bankers Associations (MBA) stating that the rates on thirty-year mortgages remained stable at 3.85% as in the previous month.