Monday, January 21, 2013

MBA: Mortgage applications rise 6.6% - Jacksonville Business Journal:

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Mortgage applications rose 6.6 percent for the week endeds June 19, on a seasonally adjuster basis from the previous week and wereup 17.2 percenty compared with the same week a year ago, accordingg to the . The Refinance Index increased 5.9 percen t to 2,116.3 from 1,998.1 the previous The refinance share of mortgage activity fell slightly to 54 percentf of the total applicationsfrom 54.1 percent the previouss week. The average interest rate for 30-yeatr fixed-rate mortgages decreased to 5.44 percent from 5.50 with points increasing to 0.99 from 0.89. The averaged interest rate for 15-year fixed-rate mortgage decreased to 4.93 percent from 4.99 percent, with points decreasing to 0.
92 from The average interest ratefor one-year adjustable rate mortgages remained unchangex at 6.54 percent, with points increasing to 0.11 from

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