April 12, 2006

Mortgage Applications Drop 5.5%

 
 dreamstime_206969.jpg Wed, 12 Apr 2006 05:17:14 PDT
     
Rising interest rates led to the volume of mortgage applications declining 5.5% last week, according to the Mortgage Bankers Association. The purchase application index declined 4.7% and the refinancing index dipped 6.6%, to its the second-lowest point this year. The average interest rate on 30-year fixed-rate mortgages dropped three basis points to 6.5%, after hitting a near-four-year-high last week. The average rate on 15-year fixed-rate mortgages increased two basis points to 6.17%. Rates on one-year adjustable-rate mortgages increased one basis point to 5.97%.

Filed under Blogs by Godfather

Spread the word

del.icio.us Digg Furl Reddit Yahoo! Help

Permalink • Print • Comment

Trackback uri

http://brokerwatchdog.com/2006/04/12/mortgage-applications-drop-55/trackback/

Related Entries

Related Tags

, , , ,

Leave a comment

You must be logged in to post a comment.