Stacie Hartman

The Mortgage Blog of Stacie Hartman

Mortgage Loan Demand Rises as Rates Fall

According to The Mortgage Bankers Association’s Weekly Applications Survey, total loan application volume rose 2.2 percent last week due to a 4.9 percent increase in the Refinance Index. The Purchase Index fell 3.7 percent. The average contract interest rate for 30-year fixed-rate mortgages dropped to 4.78 percent from 4.82 percent the week before. More here and here.

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