US Mortgage Rates Fall for Fourth Week, Lifting Home Purchases
AI Summary
US mortgage rates fell for a fourth consecutive week, prompting the largest increase in home-purchase applications since mid-April. The decline offers a modest boost to a housing market that has been struggling with weak activity.
US mortgage rates declined for a fourth straight week, boosting home-purchase applications by the most since mid-April and giving a tiny spark to the deflated housing market.
Markets Real Estate US mortgage rates home purchases housing market purchase applications interest rates