Found 1 blog entry tagged as contract rates.

Realtor.com reports, "Mortgage applications decreased 1.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA). It's an about-face from the week prior when home loans saw a 7.1% increase.

This comes as mortgage interest rates dipped to 6.17% for the week ending Oct. 30, according to Freddie Mac. That's the fourth straight week of declines after the Federal Reserve cut interest rates for the second time this year.

The Market Composite Index, a measure of mortgage loan application volume, decreased 1.9% on a seasonally adjusted basis from one week earlier.

On an unadjusted basis, the Index decreased 3% compared with the previous week. The Refinance Index decreased 3% from the previous week and was 151% higher…

179 Views, 0 Comments

Read Full Post