Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-07-02T11:01:10+00:00
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. U.S. mortgage demand was largely unchanged last week as borrowers pulled back from adjustable-rate mortgages, or ARMs, while elevated housing costs continued to weigh on buying activity, according to weekly data released Wednesday by the Mortgage Bankers Association. An ARM, or adjustable-rate mortgage, typically offers a lower initial interest rate than a fixed-rate mortgage but resets to market rates after a set period, making it riskier if borrowing costs rise. Total mortgage application volume increased just 0.04% week over week on a seasonally adjusted basis, signaling a largely stagnant lending environment. The Average Family's Finances Are More Complicated Than Ever.These Tools Aim T
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