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 Posted: Mon 7:06, 04 Nov 2013 Post subject: as long-term interest rates fell slightly |
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MBA says application activity rose 7.7 percent from previous week
WASHINGTON, March 27 () -- U.S. mortgage activity rose last week, as long-term interest rates fell slightly, the Mortgage Bankers Association said Wednesday.The association said mortgage activity rose 7.7 percent a week after falling 7.1 percent,[url=http://www.ewwealth.com/]christian louboutin discount[/url], when long-term interest rates were headed higher. From the previous week, the MBA's refinancing activity index rose 8 percent, the trade group said.Interest rates for 30-year, fixed-rate conforming mortgages decreased from 3.82 percent to 3.79 percent during the week. Points for 30-year conforming loans rose from 0.38 to 0.44.The average interest rate for 30-year contracts on jumbo loans -- larger than $417,500 -- fell from 3.95 percent to 3.9 percent. Points for 30-year jumbo loans rose from 0.36 to 0.42.Interest rates for 15-year, fixed-rate mortgages were unchanged at 3.02 percent, with points rising from 0.36 to 0.42.The average rate for 30-year loans backed by the Federal Housing Administration fell from 3.53 percent to 3.51 percent with points rising from 0.31 to 0.43. The average rate for short-term,[url=http://www.arch-eyes.com/]cheap christian louboutin[/url], adjustable-rate mortgages decreased in the week from 2.59 percent to 2.58 percent in the week, with points falling from 0.4 to 0.32,[url=http://www.arch-eyes.com/]Christian Louboutin Discount[/url], the MBA said.
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