The National Association of Mortgage Bankers Association (MBA) has reported that mortgage rates dipped slightly this week – decreasing from 4.05% to 3.98% on a 30-year fixed-rate mortgage. However, the MBA is reporting that total mortgage applications were down 0.1% when compared to the previous week. Mortgage applications to refinance an existing home loan, which are far more sensitive to weekly rate adjustments, increased 2% for the week.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.