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 Mortgage Applications Survey, last week Mortgage applications increased 3.6% on a seasonally adjusted basis from the previous week. The Refinance Index jumped 7% averaging the highest level seen since early April while the Purchase Index fell slightly. Refinance activity made up approximately 50% of all applications. Additionally, the average national Contract interest rate for 30-year fixed-rate mortgages decreased to 4.09% while the average national Contract interest rate for 15-year Fixed-rate Mortgage also fell to 3.48%. More here
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