Mortgage Rates Slip Slightly Amid Housing Affordability Concerns
US mortgage rates dropped slightly last week, falling to 6.93% for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less). However, this decrease in rates was not enough to boost demand, as total mortgage application volume fell 6.6% for the week. Applications to refinance a home loan declined 7% for the week but were … Read more