Thursday, June 23, 2016

Mortgage loan applications rise 2.9 percent in latest survey as rates fall to lowest level since May 2013

The Market Composite Index increased 2.9 percent on a seasonally adjusted basis from one week earlier, with refinances rising 7 percent and purchase loans falling 2 percent. The average interest rate for 30-year fixed-rate mortgages decreased to its lowest level since May 2013.

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