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WASHINGTON (MNI) - The Mortgage Bankers Association Wednesday reported a
pull back in mortgage activity after a surged in the previous week, with
activity down 3.4% on a slight rebound in mortgage rates.
Here are some of the key features of the report:
- The Refinance Index fell by 4%, as did the Purchase Index.
- The 30-year average rate for a 30-year fixed mortgage ticked up to 4.14%
in the current week after falling to 4.12% in the previous week.
- The unadjusted purchasing index was up 4% from a year earlier.
--MNI Washington Bureau; tel: +1 202-371-2121; email: email@example.com