Mortgage Activity Down In Week

0 Shares

WASHINGTON, Sept. 8 (UPI) — The Mortgage Bankers Association says U.S. mortgage activity fell in the week ended Friday with mortgage rates also falling.

Interest rates for 30-year, fixed-rate mortgages fell from 4.32 percent to 4.23 percent with points falling from 1.29 to 1.04. Rates for 15-year, fixed-rate contracts fell from 3.49 percent to 3.41 percent with points falling from 1 to 0.94, the association said.

The banking group said its weekly mortgage activity index fell 4.9 percent, while the refinancing index fell 6.3 percent.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.