MORTGAGE APPLICATIONS UP IN VOLUME
According to the mortgage Bankers Association’s weekly application survey, the volume of mortgage applications rose 10.9 percent during the week ending June 6. Refinance application increased 8.4. Purchase application increased 12.8 percent. 39.8 percent of the total applications were from applications for refinancing. Even though interest rates have increased, there was still an increase in application volume. The average traditional 30-year fixed-rate mortgage rose from 6.24 percent from 6.17 percent. The average 15-year fixed-rate rose to 5.78 percent from 5.7. One-year adjustable-rate mortgages increased from 6.8 to 6.87 according to an article in Yahoo finance.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment