{"id":23748,"date":"2024-03-14T11:10:05","date_gmt":"2024-03-14T11:10:05","guid":{"rendered":"http:\/\/wp.todaytradenews.com\/2024\/03\/14\/weekly-mortgage-demand-jumps-again-as-interest-rates-fall-just-below-7\/"},"modified":"2024-03-14T18:42:29","modified_gmt":"2024-03-14T18:42:29","slug":"weekly-mortgage-demand-jumps-again-as-interest-rates-fall-just-below-7","status":"publish","type":"post","link":"http:\/\/wp.todaytradenews.com\/2024\/03\/14\/weekly-mortgage-demand-jumps-again-as-interest-rates-fall-just-below-7\/","title":{"rendered":"Weekly mortgage demand jumps again as interest rates fall just below 7%"},"content":{"rendered":"<p>**Article Analysis:**<\/p>\n<p>**3 Highlights:**<\/p>\n<p>1. Mortgage rates decreased slightly last week, leading to a significant increase in mortgage demand for the second consecutive week. The total application volume rose by 7.1% compared to the previous week.<\/p>\n<p>2. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances also decreased, dropping to 6.84% from 7.02%. This drop in rates was attributed to weaker economic data, showing a less robust job market.<\/p>\n<p>3. While applications for refinancing a home loan surged by 12% for the week, applications for purchasing a home also saw an increase of 5%. However, homebuyers are facing challenges such as high interest rates, soaring home prices, and a limited supply of houses for sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>**Article Analysis:** **3 Highlights:** 1. Mortgage rates decreased slightly last week, leading to a significant increase in mortgage demand for the second consecutive week. The total application volume rose by 7.1% compared to the previous week. 2. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances also decreased, dropping to 6.84% [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":23766,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[2420,124,112,3333,3537,2099],"_links":{"self":[{"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/posts\/23748"}],"collection":[{"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/comments?post=23748"}],"version-history":[{"count":0,"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/posts\/23748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/media\/23766"}],"wp:attachment":[{"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/media?parent=23748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/categories?post=23748"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/tags?post=23748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}