Weekly mortgage applications in the United States fell further in the week ending June 6, according to data from the Mortgage Bankers’ Association (MBA) on Wednesday, which reported that applications increased by 10.6% week-over-week.
In the previous week, applications fell by 15.3%.
The portion of fixed-rate mortgages increased 8.9% following the previous week’s 14.8% decline, while those opting for variable rates rose 31.9% after the previous week’s 20.7% decrease.
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