The Market Composite Index increased 7.2 percent on a
seasonally adjusted basis from one week earlier, with purchase loans unchanged
but refinances up 11 percent. Last year,
the Fourth of July fell on the prior week. The average contract interest rate
for 30-year fixed-rate mortgages decreased to its lowest level since May 2013,
3.60 percent.
Thursday, July 14, 2016
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