Reported 1 day ago
US mortgage rates have fallen to a new one-year low of 6.3%, prompting an increase in refinancing and home purchase applications. This decline, influenced by lower US Treasury yields and easing inflation fears, may signal a recovery for the housing market as sales of existing homes also saw an uptick in September. The Mortgage Bankers Association reported a significant jump in refinancing activities, indicating positive momentum in the real estate sector.
Source: YAHOO