Mortgage Activity Down Slightly In Week
WASHINGTON (UPI) — The Mortgage Bankers Association said U.S. mortgage activity fell 2.4 percent in the week ending Friday, as interest rates were little changed.
Interest rates for 30-year, fixed-rate conforming mortgages were unchanged at 4.06 percent with average points falling from 0.5 to 0.43.
Rates for 15-year, fixed-rate contracts were unchanged for the second consecutive week at 3.36 percent. Points for 15-year loans fell from 0.38 to 0.34.
Along with the MBA’s Mortgage Index, the Refinancing Index also decreased, dropping 4.1 percent compared with the previous week.
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