The Housing Chronicles Blog: Mortgage applications dip to lowest level in 2.5 years, rates remain unchanged

Thursday, August 9, 2018

Mortgage applications dip to lowest level in 2.5 years, rates remain unchanged

The Market Composite Index decreased 3.0 percent on a seasonally adjusted basis from one week earlier to its lowest level since January 2016, with purchase loans falling 2.0 percent and refinance activity down 5.0 percent. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances remained unchanged at 4.84 percent.

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