The Housing Chronicles Blog: Mortgage applications fall 2.6 percent, rates rise to highest level since April 2011

Thursday, May 24, 2018

Mortgage applications fall 2.6 percent, rates rise to highest level since April 2011

The Market Composite Index decreased 2.6 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 April 2011, 4.86 percent.

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