Average Home Mortgage Price Hits Record, Applications Fall

(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

Cruz, Cornyn Vote For Unsuccessful Bid To End Trump Impeachment

Next article

You may also like