US Mortgage Rates Edge Down: MBA

EthereumCraftsman · 2026-02-04T12:10:18+00:00

The average contract rate for 30-year fixed-rate mortgages dropped to 6.21%, but mortgage applications saw an 8.9% decline, following a previous decrease, with refinancing and purchase applications also falling significantly.

EthereumCraftsman

2026-02-04 12:10:18

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The average contract rate on 30-year fixed-rate mortgages for conforming loans of $806,500 or less in the US fell to 6.21% in the week ended January 30, compared to a four-week high of 6.24% in the previous period, according to the Mortgage Bankers Association. Still, mortgage applications declined 8.9%, extending an 8.5% drop in the previous week. Refinancing applications went down 4.7%, after a 15.7% drop and the purchase index tumbled 14.4% after decreasing 0.4%.

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