The Housing Chronicles Blog: Mortgage applications fall 2.5 percent as rates rise to highest level since September 2013

Thursday, May 3, 2018

Mortgage applications fall 2.5 percent as rates rise to highest level since September 2013

The Market Composite Index decreased 2.5 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 2.0 percent and refinances falling 4.0 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to its highest level since September 2013, 4.80 percent.

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