The latest data from the Mortgage Bankers Association shows that the 30-year fixed mortgage rate in the U.S. rose by 0.11% to 7.24% in the week of 19APR2024, the highest level since last November; the data release led to a 1% drop in the home purchase application index, marking the fifth decline in the past six weeks.

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.