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WASHINGTON (MNI) - The Mortgage Bankers Association Wednesday reported a
further pull back in mortgage activity in the April 26 week, with activity down
4.3% as mortgage rates ticked up slightly.
Here are some of the key features of the report:
- The Refinance Index fell by 5%, while the Purchase Index fell by 4% for
the second straight week.
- The 30-year average rate for a 30-year fixed mortgage fell to 4.42% in
the current week from 4.46% in the previous week. There were declines for jumbo,
FHA, and 15-year mortgages as well.
- The unadjusted purchasing index was up only 1% from a year earlier, so
there has been only modest improvement over the last year.
--MNI Washington Bureau; tel: +1 202-371-2121; email: email@example.com