The Housing Chronicles Blog: Mortgage applications fall 2.6 percent in latest survey as rates rise

Thursday, November 2, 2017

Mortgage applications fall 2.6 percent in latest survey as rates rise

The Market Composite Index decreased 2.6 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 1.0 percent and refinance activity down 5.0 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to its highest level since July 2017, 4.22 percent.

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