US 30-year mortgage rate plunges by most in nearly 16 months – MBA

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The interest rate on the most common type of U.S. residential mortgage plunged last week by the most in nearly 16 months.
Categories: 30-year fixed-rate mortgageBenchmark yieldsBusinessDebt issuanceFederal Open Market Committee (FOMC)Federal ReserveHome loan costsHome purchasesHousing Marketinterest ratejob marketJoel KanMBAMortgage applicationsMortgage Bankers AssociationMortgage market composite indexRefinancingsResidential mortgageTodays HeadlinesTreasury marketUnited StatesWeekly dropYields on the 10-year Treasury note

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