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Mortgage Applications Up Compared with Last Year
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Date: April 04, 2007
MBA sees dip for the week, but year-over-year shows increase.
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The number of mortgage applications last
week declined 3.2 percent from the previous week on a seasonally
adjusted basis, according to the Mortgage Bankers Association Weekly
Mortgage Application Survey.
On an unadjusted basis, the number of applications rose 5.3 percent compared with the same week one year earlier.
The refinance share of mortgage activity decreased to 44.5 percent of total applications from 45.1 percent the previous week.
The average interest rate for 30-year fixed-rate mortgages increased to 6.13 percent from 6.04 percent.
The average interest rate for 15-year fixed-rate mortgages increased to 5.85 from 5.77 percent.
The average interest rate for 15-year fixed-rate mortgages increased to 5.85 from 5.77 percent.
Source: REALTORŪ Magazine Online
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