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 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