Purchase apps increase as interest rates slip | Katonah Homes

Applications for purchase loans increased a seasonally adjusted 3 percent for the week ending Sept. 18 compared to a week earlier and were up 1 percent on an annual basis, according to the latest Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications survey.

During the same period, refinance applications jumped 18 percent, as the average rate for a 30-year fixed-rate mortgage with a balance of $417,500 or less dropped from 4.8 percent to 4.75 percent.

Source: MBA



– See more at: http://www.inman.com/wire/purchase-apps-increase-as-interest-rates-slip/#sthash.lKzd5toO.dpuf

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.