Lending

Mortgage applications rise 4.5% on increased refinancings
By Kerri Ann Panchuk
 • December 5, 2012 • 9:06am

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Fixed-mortgage rates continue to rise: Freddie Mac

Fixed-mortgage rates continued to climb for the third straight week, with the 30-year, fixed-rate mortgage slightly increasing to 3.59% from 3.51% last week, Freddie Mac said in a report on Thursday.

Mortgage apps tumble, refis drop to lowest since late March

"The refinance index has fallen almost 19% over the past two weeks and is back to its lowest level since late March," said Mike Fratantoni, Mortgage Bankers Association vice president of research and economics.

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