This is what justifies Texas economic pride

This is what justifies Texas economic pride

Happy Independence Day, Texas

Morgan Stanley expects mortgage bond lawsuit from New York AG

Subprime securitizations at the center of lawsuit

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news
W S
Lending

Mortgage applications rise 4.7%

Refinance share increases 10%

california

Mortgage applications continue to climb, rising 4.7% for the week ending Jan. 17, the latest report from the Mortgage Bankers Association said.

The refinance index also reported a 10% jump from last week, compared to the purchase index, which fell 4% from a week ago.

Overall, the refinance share of mortgage activity edged higher to 64% of total applications.

The 30-year, fixed-rate mortgage with a conforming loan limit decreased to 4.57%: the lowest level since November 2013.

In addition, the 30-year, FRM with a jumbo loan balance dipped to 4.57% from 4.58%, while the 30-year, FHA rate also dropped to 4.24% from 4.29%.

All three 30-year mortgage rates reached their lowest levels since November 2013, with the 15-year FRM decreasing to 3.68% from 3.72% a week earlier.

Meanwhile, the average contract interest rate for a 5/1 ARM fell to 3.23% from 3.28%.

Recent Articles by Brena Swanson

Comments powered by Disqus