Stacie Hartman

The Mortgage Blog of Stacie Hartman

Interest Rates Lowest Since November

According to The Mortgage Bankers Association’s Weekly Applications Survey, the average contract interest rate for 30-year fixed-rate mortgages fell to 4.80 percent last week, sparking a 17 percent increase in refinance application volume. Michael Fratantoni, MBA’s vice president of research and economics, said though low rates and refinance activity pushed total mortgage application volume up, purchase applications fell 3.3 percent to their lowest level in 13 years. More here and here.


Filed under: Uncategorized, , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: