The Housing Chronicles Blog: Mortgage applications fall 4.0 percent, average 30-year rates rise to 5.15 percent

Wednesday, November 7, 2018

Mortgage applications fall 4.0 percent, average 30-year rates rise to 5.15 percent

The Market Composite Index decreased 4.0 percent on a seasonally adjusted basis from one week earlier, to the lowest level since December 2014, with purchase loans down 5.0 percent and refinance activity falling 3.0 percent. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 5.15 percent from 5.11 percent.

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