Lates News

Mortgage rates in the United States climbed for the first time in four weeks, interrupting the momentum of home buying and refinancing activities at the beginning of the year. According to data released by the Mortgage Bankers Association (MBA) on Wednesday, the 30-year fixed-rate mortgage rose by 8 basis points to 6.24% for the week ending January 23. The rate had previously dropped to its lowest level since September 2024 in the previous week. The index for mortgage applications for home purchases decreased by 0.4% from a three-year high, while refinance applications plummeted by 15.7%. This decline indicates that potential home buyers remain highly sensitive to changes in mortgage rates in the face of ongoing affordability pressures in the housing market.