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Fewer Young Adults Buying Homes, Housing Costs, Low Mortgage Rates “Low mortgage rates have not prompted many households to buy homes, given expectations. The growing pool of young adults entering their prime apartment-renting years, generally 20 to 34, along with.
30-year fixed-rate mortgage averages 3.55% for the week ending Aug. 22, 2019, down 5 basis points from 3.60% in the previous week and 4.51% at this time a year ago, according to the Freddie Mac. But getting a mortgage loan doesn’t have to be difficult. That’s why LendingTree helps you find the right home financing with the right mortgage lender.
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The Mortgage Bankers Association said its index on mortgage application volume in the week ended oct. 9 fell to 387.0, down 27.6 percent from the prior week. The decline was the steepest percentage. The volume of mortgage applications to purchase a home slid again last week by 3 percent, the third consecutive weekly decline.
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