Thursday, July 7, 2016

Mortgage applications rose 14.2 percent in latest survey as rates dip to lowest level since May 2013

The Market Composite Index increased 14.2 percent from one week earlier, with refinances up 21 percent and purchase loans rising by 4 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to its lowest level since May 2013, 3.66 percent.

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