Mortgage Activity Down Slightly In Week

0 Shares

WASHINGTON, (UPI) — The Mortgage Bankers Association said U.S. mortgage activity fell slightly in the week ending Friday, despite a drop in long-term interest rates.

After rising the previous week, mortgage activity fell 2.4 percent. The trade group’s Refinancing Index also dropped, falling 3.1 percent from the previous week.

Interest rates for 30-year, fixed-rate conforming mortgages fell from 4.16 percent to to 4.1 percent with average points unchanged at 0.43.

Rates for 15-year, fixed-rate contracts fell from 3.4 percent to 3.37 percent. Points for 15-year loans fell from 0.41 to 0.37.

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.