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MBA 30-Year Mortgage Rate

Name: MBA 30-Year Mortgage Rate
Creator: TipRanks

The 'MBA 30-Year Mortgage Rate' is a weekly survey conducted by the Mortgage Bankers Association that measures the average interest rate on 30-year fixed-rate mortgages in the United States. It is a critical indicator of housing affordability and consumer borrowing costs, influencing home buying decisions and refinancing activities. Changes in this rate can impact the housing market, consumer spending, and broader economic conditions, making it an important metric for financial markets and policymakers. A rise in mortgage rates can dampen housing demand, while a decline can stimulate it.