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Mortgage Bankers Ass'n says mortgage activity down slightly
WASHINGTON, Oct. 23 () -- U.S. mortgage activity dropped less than 1 percent last week, the Mortgage Bankers Association said Wednesday.The MBA said mortgage activity dropped 0.6 percent from the previous week and refinancing activity fell 1 percent.Averages of interest rates for long-term loans fell during the week. Rates decreased from 4.46 percent to 4.39 percent, with points increasing from 0.31 to 0.41 for 30-year, fixed-rate loans not backed by the Federal Housing Authority.For similar loans backed by the FHA, interest rates fell from 4.16 percent to 4.15 percent,[url=http://www.parajumpersjackenoutlet.de/]parajumpers damen[/url], with points sliding from 0.44 to 0.27. For so-called jumbo loans of $417,000 or more, average interest rates fell from 4.51 percent to 4.43 percent, with points rising from 0.15 to 0.26.Average rates for 15-year, fixed-rate contracts fell from 3.53 percent to 3.51 percent and points on those loans fell from 0.31 point to 0.3,[url=http://www.christianlouboutinonlineshop.de/]christian louboutin outlet[/url], the MBA said. Average rates for short-term loans with adjustable rates were unchanged at 3.25 percent for the second consecutive week. Points for short-term loans fell from 0.32 to 0.26, the association said. |
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