New post on Title Tracks: News From The World Of Title Insurance
by traditionta
lAST WEEK, the Mortgage Bankers Association said the refinance index climbed 4.4% from the previous week, while the seasonally adjusted purchase index jumped 6.4%.
Mortgage applications rose 4.9%. Refinancing applications accounted for 77.3% of this activity.
The average interest rate on a 30-year, FRM backed by the FHA fell to 4.11% from 4.12%, while the 15-year, FRM increased to 3.62% from 3.61%.
In addition, the average contract interest rate for 5/1 ARMs increased to 3.11% from 3.08%.
Posted via email from Title Insurance by traditionta lAST WEEK, the Mortgage Bankers Association said the refinance index climbed 4.4% from the previous week, while the seasonally adjusted purchase index jumped 6.4%. Mortgage applications rose 4.9%. Refinancing applications accounted for 77.3% of this activity. The average interest rate on a 30-year, FRM backed by the FHA fell to 4.11% from 4.12%, while the 15-year, FRM increased to 3.62% from 3.61%. In addition, the average contract interest rate for 5/1 ARMs increased to 3.11% from 3.08%. Posted via email from Title Insurance
Continuing Ed for Title Agents
INCREASE IN MORTGAGE APPLICATIONS NOTED
New post on Title Tracks: News From The World Of Title Insurance
Continuing Ed for Title Agents
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