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 apps reverse course, climb 9.4%

Refi index jumps a full 10%

application
/ Print / Reprints /
| Share More
/ Text Size+

Mortgage applications reversed a three-week decline to climb 9.4% from one week earlier, according to the Mortgage Bankers Association’s survey for the week ending February 28, 2014.

Last week mortgage apps hit a two-decade low.

The refinance index increased 10% from the previous week. Despite the increase observed this week, the refinance index is still 3% lower than it was two weeks ago.

The refinance share of mortgage activity decreased to 57.7% of total applications from 58% the previous week and is at its lowest level since early September of 2013.

The seasonally adjusted purchase index increased 9% from one week earlier.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) decreased to 4.47% from 4.53%, with points decreasing to 0.28 from 0.31 (including the origination fee) for 80% loan-to-value ratio (LTV) loans.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,000) decreased to 4.37% from 4.47%.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 4.13% from 4.17%.

The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.52% from 3.56%.

Recent Articles by Trey Garrison

Comments powered by Disqus