Wednesday, July 26, 2017

Mortgage loan applications rise 0.4 percent in latest survey as rates drop slightly

The Market Composite Index increased 0.4 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 2.0 percent and refinances rising 3.0 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.17 percent.

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