The Housing Chronicles Blog: Mortgage applications dip 2.8 percent over two-week holiday period

Wednesday, January 3, 2018

Mortgage applications dip 2.8 percent over two-week holiday period

The Market Composite Index decreased 2.8 percent on a seasonally adjusted basis from two weeks earlier, with purchase loans up 1 percent but refinances down 7 percent. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances remained unchanged from the week prior at 4.25 percent.

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