The Housing Chronicles Blog: Mortgage applications fall 4.6 percent in latest survey as rates rise four basis points

Thursday, October 26, 2017

Mortgage applications fall 4.6 percent in latest survey as rates rise four basis points

The Market Composite Index decreased 4.6 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 6 percent percent and refinances falling 3 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to 4.18 percent from 4.14 percent.

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