Questions? Let's Talk: 877.762.4375
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Questions? Let's Talk: 877.762.4375
According to The mortgage Bankers Association’s Weekly Applications Survey, the average Contract interest rate for 30-year fixed-rate mortgages fell to 4.46 percent last week from 4.57 percent the week before. It is the lowest 30-year rate since the middle of November 2010. Despite the rate drop, total mortgage loan application volume fell 2.7 percent from one week earlier. The four-week moving average for total loan demand is up 0.7 percent, with the refinance Index up 1.5 percent. More here and here.
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