Wednesday, May 10, 2017

Mortgage loan applications rise 2.4 percent in most recent survey as rates remain flat

The Market Composite Index increased 2.4 percent on a seasonally adjusted basis from one week earlier, with purchase loans rising 2 percent and refinances up 3 percent. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances remained unchanged at 4.23 percent.

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