Mortgage Applications Increase This Week

According to a new survey released by the Mortgage Bankers Association, mortgage applications increased this week by 9.4%. The refinance index jumped 10% from the week prior, though rates are still 3% lower than two weeks ago. Refinances fell to 57.7% of applications; the lowest level observed since September 2013. Additionally, 30-year fixed-rate mortgage interest rate fell 0.04%, averaging 4.13% nationally, and the 15-year fixed rate mortgage interest rate also fell 0.04%, averaging 3.52% nationally. More here

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