An increase in mortgage rates chilled demand for home loans last week, according to the Mortgage Bankers Association. The average U.S. rate for a 30-year fixed mortgage rose to 4.02% during the week ending Oct. 18, prompting an 11.9% drop in mortgage applications, MBA said Wednesday. The U.K.’s Brexit turmoil and the U.S.-China trade war […more]
Posted in: San Francisco
Comments are closed.