Mortgage Activity Up Slightly
WASHINGTON, Oct. 12 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity rose slightly in the week ended Friday with long-term mortgage interest rates higher.
Interest rates for 30-year, fixed-rate mortgages rose in the week from 4.18 percent to 4.25 percent with points rising from 0.44 to 0.47, the trade group said.
Rates for 15-year, fixed-rate contracts rose from 3.49 percent to 3.53 percent with points unchanged at 0.45, the association said.
The banking group said its weekly mortgage activity index and the refinancing index each rose 1.3 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:
View Comments to “Mortgage Activity Up Slightly”
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.
Is there news related to personal liberty happening in your area? Contact us at email@example.com