The Housing Chronicles Blog: Mortgage applications decline 6.6 percent as rates continue to rise

Thursday, February 22, 2018

Mortgage applications decline 6.6 percent as rates continue to rise

The Market Composite Index decreased 6.6 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 6.0 percent and refinances falling 7.0 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to its highest level since January 2014, 4.64 percent.

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