NATIONAL

Average Home Mortgage Price Hits Record, Applications Fall

0
(Melissa Phillip/Houston Chronicle via AP)

Mortgage applications are dipping, but the average loan amount is higher than ever.

Applications for loans to buy homes fell by four-percent last week, but the average loan amount hit a new high mark of 395-thousand dollars. That reflects high demand and low supply.

The national average interest rate for a 30-year fixed-rate mortgage jumped three basis points to two-point-95 percent.

Standoff At Doctor’s Office In Austin, TX Ends With Two Dead

Previous article

Woman Arrested Trying To Smuggle Meth From Mexico To U.S.

Next article

You may also like

More in NATIONAL