In an adjusted basis, purchase index went down 2 percent a week ago as to compared with the previous week. Yearly level comparison showed off a 2.3 percent decline in the purchase index of which drifted down 34.7 percent of the same week a year ago.
Past statement coming from Michael Frantantoni, VP of MBA’s in the field of research and economic, stressed that
“For the month of June, purchase applications declined almost 15 percent relative to the prior month, and were down more than 30 percent compared to April, the last month in which buyers were eligible for the tax credit.”
Previews Mortgage Rates show some record in the market: In a 30 year fixed-rate mortgages, it had increased to 4.68 percent from 4.67 percent; 15-year fixed-rate drifted up to 4.1 percent from 4.06 percent; and 1 year ARMs went up to 7.20 percent from 7.05 percent.
Via Realtor.Org – (Mortgage Applications Decline for 8th Week)
Latest Real Estate Listings can be viewed also in Taylorsville Utah Real Estate, Herriman Real Estate, and Orem Utah Homes.
