Thursday, August 17, 2017

Mortgage applications rise 0.1 percent in weekly survey, rates dip

The Market Composite Index increased 0.1 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 2 percent and refinances rising 2 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to its lowest level since November 2016, 4.12 percent.

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