Move lawsuit against Zillow clears contempt hurdle with settlement

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution

Twitter roundup of this week's top housing articles

CFPB heads up the list

Shaky housing market about to get even shakier

When will we all stop kidding ourselves?
W S
Lending

Mortgage applications reverse, decline again

Mortgage applications reversed directions, falling 3.3% for the week ending June 14, the Mortgage Bankers Association said Wednesday.

Both the refinance and purchase index fell 3%, after each rose 5% a week earlier, the trade group said.

Overall, the refinance share of mortgage activity remained unchanged at 69% of total applications.

Continuing to increase, the average contract interest rate for a 30-year, fixed-rate mortgage with a conforming loan balance escalated to 4.17% from 4.15%, the highest rate since March 2012.

The 30-year, FRM jumbo dropped to 4.23%, from 4.25% a week prior.

Additionally, the average 30-year, FRM backed by the FHA ticked up to 3.85%, from 3.81%, the highest rate since April 2012.

The 15-year, FRM dropped to 3.30%, from 3.32%, and the 5/1 ARM climbed to 2.81%, the highest rate since June 2012, rising from 2.78% a week ago.

bswanson@housingwire.com 

 

Recent Articles by Brena Swanson

Comments powered by Disqus