The Refinance Index decreased 6 percent from the previous week to its lowest level since May 11, 2012. The seasonally adjusted Purchase Index increased more than 1 percent from one week earlier.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) decreased to 3.80 percent from 3.86 percent, with points remaining unchanged at 0.42 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.
Wednesday, August 29, 2012
Mortgage Applications Decrease in Latest MBA Weekly Survey
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey
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