The average 30-year fixed-rate mortgage fell to a bargain-basement 4.27% for the week ending Oct. 7, a new record low, Freddie Mac announced Thursday. That’s down from the 4.32% rate last week, and way below the 4.87% rate that…
Mortgage applications fell 1.4% in the week ending Sept. 17, dragged down by a decline in the number of applications for loans to purchase houses.
Applications for loans to purchase a home dropped 3.3% from a week earlier on a seasonally adjusted basis, The Mortgage Bankers Association said. Applications for loans to refinance a home dropped 0.9%.
The four-week moving average for…
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Mortgage Applications Drop 1.4% originally appeared on DailyFinance on Wed, 22 Sep 2010 08:48:00.
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