Mortgage Rates Drop, Boosting Home Buying
Update: 2025-12-03
Description
Mortgage rates in the US dropped to a month-low, boosting home-purchase applications to a two-year high. The 30-year mortgage rate fell by 0.08%, reaching 6.32%, while the 5-year adjustable rate hit 5.4%, its lowest since May. Despite this, refinancing applications saw a fifth consecutive weekly decline, indicating a strong demand for new purchases but less interest in refinancing.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
