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According to the MBA’s seasonally adjusted index, total mortgage application volume rose by 2% to 569.8 in the week ended September 6. For 30-year fixed-rate mortgages, the average interest rate dipped by 5 basis points to 3.82%, the lowest since November 2016.
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Exploring the Latest Trends in Mortgage Originations
Discover how emerging technologies like AI and digital platforms are shaping trends in mortgage originations, including their impact on efficiency, customer experience, and market dynamics.
Estimated reading time: 0 minutes, 23 seconds
Mortgage Applications Rise on Lower Rates: MBA
As U.S. home mortgage rates dipped to new three-year lows, mortgage applications to buy or refinance a home increased in early September, the Mortgage Banking Association’s weekly data show. So reports Reuters.
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