Mortgage Activity Little Changed In Week


WASHINGTON, Sept. 21 (UPI) — The Mortgage Bankers Association says U.S. mortgage activity rose marginally in the week ended Friday with long-term mortgage rates steady or falling.

Interest rates for 30-year, fixed-rate mortgages were unchanged in the week at 4.29 percent with points rising from 0.38 to 0.41, the trade group said.

Rates for 15-year, fixed-rate contracts fell from 3.52 percent to 3.46 percent with points increasing from 0.38 to 0.45, the association said.

The banking group said its weekly mortgage activity index rose 0.6 percent while the refinancing index rose 2.2 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.