MBA : Mortgage Applications Increase Sharply in Latest Weekly Survey

MBA : Mortgage Applications Increase Sharply in Latest Weekly Survey

The Refinance Index increased 15 percent from the previous week and was at its highest level since mid-January. The seasonally adjusted Purchase Index also increased 15 percent from one week earlier and was at its highest level since the week ending February 1 . ... The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) decreased to 3 ...

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