Mortgage Activity Rises In Week
WASHINGTON, Oct. 26 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity rose slightly in the week ended Friday with long-term mortgage interest rates little changed.
Interest rates for 30-year, fixed-rate mortgages were unchanged in the week at 4.33 percent with points rising from 0.47 to 0.48, the trade group said.
Rates for 15-year, fixed-rate contracts rose from 3.61 percent to 3.62 percent with points rising from 0.43 to 0.45, the association said.
The banking group said its weekly mortgage activity index rose 4.9 percent and the refinancing index increased 4.4 percent.
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