The Housing Chronicles Blog: Mortgage applications dip 2.9 percent, interest rates down slightly

Thursday, May 31, 2018

Mortgage applications dip 2.9 percent, interest rates down slightly

The Market Composite Index decreased 2.9 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 2.0 percent and refinances falling 5.0 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.84 percent.

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