Thursday, June 16, 2016

Mortgage applications dip 2.4 percent in latest survey even as rates dip to lowest level since January 2015

The Market Composite Index decreased 2.4 percent on a seasonally adjusted basis from one week earlier, with refinances falling 1 percent and purchases down 5 percent. The average interest rate for 30-year fixed-rate mortgages decreased to its lowest level since January 2015, 3.79 percent.

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