The Housing Chronicles Blog: Mortgage applications dip 2.6 percent as rates rise to 4.84 percent

Wednesday, August 1, 2018

Mortgage applications dip 2.6 percent as rates rise to 4.84 percent


The Market Composite Index decreased 2.6 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 3.0 percent and refinances down 2.0 percent.  The average contract interest rate for 30-year fixed-rate mortgages increased to 4.84 percent from 4.77 percent.


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