US Real Estate

US Mortgage Applications Rise Nearly 10 Percent to 3-Year High

The 30-year fixed mortgage rate decreased to 6.49 percent last week, marking its lowest level since October 2024, according to the Mortgage Bankers Association.
US Mortgage Applications Rise Nearly 10 Percent to 3-Year High
Amid still-high mortgage rates and near record-high home prices, there’s a silver lining if you own a home. Pla2na/Shutterstock
Mary Prenon
Mary Prenon
Freelance Reporter
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In what could be promising news for potential homeowners, a Sept. 10 report from the Mortgage Bankers Association (MBA) shows that U.S. national mortgage applications rose to a three-year high last week, as mortgage rates fell to an 11-month low.

The MBA reported a 9.2 percent rise in weekly mortgage applications nationwide, as 30-year fixed mortgage rates dipped to 6.49 percent for the week ended Sept. 5.

Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.