In the first week of 2023, there was an increase in mortgage applications in the USA, while interest rates decreased.
According to the US Mortgage Bankers Association (MBA) mortgage application research, the seasonally adjusted market index of mortgage application activity, which includes refinancing and purchase loans, rose 1.2 percent to 186.7 points in the week ended January 6.
According to the weekly report published by MBA and shared with ForeksHaber via e-mail, the purchasing index decreased by 0.5 percent to 159.4 points, while the refinancing index increased by 5.1 percent to 326.7 points.
In the week in question, the 30-year mortgage rate decreased from 6.58 percent to 6.42 percent. While the interest rate for 30-year loans did not change on a 4-week average, there was an increase of 290 basis points compared to the same period of the previous year.
15-year loan interest rate from 6.06 percent to 5.94 percent, 5-year ARM loan interest rate from 5.61 percent to 5.37%, 30-year jumbo loan interest rate (greater than $647,000) percent It fell from 6.12 to 6.09 percent.