Thursday, April 26, 2018

Mortgage applications dip 0.2 percent, rates rise to highest level since September 2013

The Market Composite Index decreased 0.2 percent on a seasonally adjusted basis from one week earlier, with purchase loans flat and refinances down 0.3 percent. The interest rate for 30-year fixed-rate mortgages increased to its highest level since September 2013, 4.73 percent.

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