Economy

Borrowers rush to get the last of the low mortgage rates

0


A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York.

Raychel Brightman | Newsday LLC | Newsday | Getty Images

Mortgage rates continued to surge higher last week, and that brought borrowers out of the woodwork, looking to refinance. While that might seem counterintuitive, given the higher rates, there are still a significant number of borrowers who could benefit from a refinance, and they may have been worried that this was their last chance.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 3.78% from 3.72%, with points…



Source cnbc.com

0 0 votes
Article Rating

Amazon (AMZN) Q4 2021 earnings

Previous article

Citigroup CEO faces disgruntled workers, regulators’ demands in tough first year

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Economy