Mortgage applications barely edged up for the week ending August 2, with applications increasing only 0.2% from a week earlier, the Mortgage Bankers Associationreported.
Similarly, the refinance index remained unchanged, while the purchase index rose 1% from the prior week.
As a whole, the refinance share of mortgage activity once again stayed frozen at 63% of total applications.
The average contract interest rate for a 30-year, fixed-rate mortgage with a conforming loan balance inched up to 4.61% from 4.58%.
Additionally, the 30-year, FRM jumbo remained unchanged at 4.64%.
The average 30-year, FRM backed by the FHA escalated to 4.33% from 4.30%.
Meanwhile, the 15-year, FRM fell to 3.66% from 3.67%, and the 5/1 ARM went unchanged at 3.39%.
Mortgage applications edge up slightly | 2013-08-07 | HousingWire.
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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