The Housing Chronicles Blog: Mortgage applications dip 0.5 percent in latest survey as rates rise 7 basis points

Thursday, September 28, 2017

Mortgage applications dip 0.5 percent in latest survey as rates rise 7 basis points

The Market Composite Index decreased 0.5 percent on a seasonally adjusted basis from one week earlier, with purchase loans up 3 percent and refinancing down 4 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to 4.11 percent from 4.04 percent.

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