Mortgage applications soared again as treasury yields pushed rates to their lowest level in three weeks. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – jumped 10.4% on the heels of the week prior’s 9.9% bump. Adjusted purchase applications rose by 9%, while…
Mortgage rates slipped for a third consecutive week as Wall Street rallied around positive inflation data. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 7.44%, a modest decline from the week prior’s 7.5%. A year ago at this time, the 30-year FRM averaged 6.61%. The 15-year fixed rate fell from 6.81%%…
Mortgage applications slipped again last week as treasury yields swelled to new highs. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – decreased by 1%, a more moderate decline than the week prior’s 6.9% dip. Adjusted purchase applications slipped by 2%, while the…
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