Inflation Fears Cast Shadow on Mortgage Rates and Applications Decline
Posted In: Mortgage and Real Estate
Fears of inflation pushed mortgage rates higher according to the results of Freddie Mac's Primary Mortgage Market Survey for the week ended April 24.
The Survey reported that the 30-year fixed-rate mortgage (FRM) averaged 6.03 percent with 0.3 point compared to 5.88 percent with 0.4 point the week before.
Mortgage application volume was...
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