BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Weekly mortgage applications increase 3% on rise in purchases]]>http://www.bloggingstocks.com/2008/02/06/weekly-mortgage-applications-increase-3-on-rise-in-purchases/http://www.bloggingstocks.com/2008/02/06/weekly-mortgage-applications-increase-3-on-rise-in-purchases/http://www.bloggingstocks.com/2008/02/06/weekly-mortgage-applications-increase-3-on-rise-in-purchases/#commentsFiled under: ,

U.S. mortgage applications increased for the fifth week in a row, boosted by an increase in mortgage applications for purchases, the Mortgage Bankers Association announced Wednesday in a statement.

The Mortgage Bankers Association's index of applications to buy a home or refinance a loan increased 3% last week to 1086.6 -- it's highest level since March 2004. The group's purchase index increased 12% and the refinancing gauge fell 1%.

Meanwhile, the average rate for a 30-year fixed loan rose to 5.61% from 5.60% the prior week. Rates have declined about one-half percentage point since the end of 2007. The average rate for a 15-year fixed mortgage increased to 5.09% from 5.04%.

Continue reading Weekly mortgage applications increase 3% on rise in purchases

Weekly mortgage applications increase 3% on rise in purchases originally appeared on BloggingStocks on Wed, 06 Feb 2008 12:06:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsMortgage Bankers Associationmortgage ratesrefinanace ratesWed, 06 Feb 2008 12:06:00 EST