Purchase Applications Rise To Highest Level Since May

According to The Mortgage Bankers Association’s Weekly Applications Survey, total loan application volume fell 0.9 percent last week from a week earlier. The seasonally adjusted Purchase Index rose 1.8 percent, rising to its highest level since early May after three consecutive weeks of increases. The Refinance Index, however, was down 1.4 percent, as the average contract interest rate for 30-year fixed-rate mortgages rose from 4.56 percent to 4.66 percent. More here and here.


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