The Housing Chronicles Blog: Mortgage applications up 2.5 percent in weekly survey due to purchase loans, refinances dip

Thursday, July 12, 2018

Mortgage applications up 2.5 percent in weekly survey due to purchase loans, refinances dip

The Market Composite Index increased 2.5 percent on a seasonally adjusted basis from one week earlier, with purchase loans rising 7.0 percent but refinance activity falling 4.0 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.76 percent.

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