Freddie Mac: Here are the top 5 improving metro markets for housing

The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race
W S
Lending / The Ticker

Mortgage applications increase 0.4%

Refinance index grew 3% from the previous week

house money

Mortgage applications barely budged from one week prior, increasing 0.4% for the week ending Jan. 31, the Mortgage Bankers Association report found.

As a whole, the refinance share of mortgage activity stayed frozen at 62% of mortgage applications.

The refinance index grew 3% from the previous week, while the purchase index declined 4% from one week earlier.

Meanwhile, the 30-year, fixed-rate mortgage with a conforming loan balance dropped to 4.47% from 4.52%, as the 30-year, FRM with a jumbo loan balance declined to 4.42% from 4.47%.  

The 30-year, FRM backed by the FHA fell to 4.12%, compared to 4.18% last week.

In addition, the 15-year, FRM decreased from 3.59% to 3.53%, and the 5/1 ARM tumbled to 3.15% from 3.25%.

Recent Articles by Brena Swanson

Comments powered by Disqus