Mortgage Rates Decline!
Posted by Katie Paulsen
Sign in or sign up to leave a comment
Mortgage applications to purchase homes rose 2.4 percent last week, compared to the previous week, on a seasonally adjusted basis, according to the weekly report from the Mortgage Bankers Association.
The increase was driven by a 4.5 percent rise in applications for government-guaranteed mortgages, including FHA and VA loans. Conventional purchase applications increased 0.8 percent.
On an unadjusted basis, purchase applications rose 1.5 percent compared to the previous week and were down 32.4 percent compared to the same week a year ago.
Mortgage rates declined:
· 30-year fixed-rate mortgages decreased to 4.38 percent from 4.44 percent;
· 15-year fixed-rate mortgages decreased to 3.77 percent from 3.88 percent;
· 1-year ARMs increased to 7.04 percent from 6.96 percent.
Source: Mortgage Bankers Association (09/29/2010)
To Buy Now:
www.KatieKRealty.com
The increase was driven by a 4.5 percent rise in applications for government-guaranteed mortgages, including FHA and VA loans. Conventional purchase applications increased 0.8 percent.
On an unadjusted basis, purchase applications rose 1.5 percent compared to the previous week and were down 32.4 percent compared to the same week a year ago.
Mortgage rates declined:
· 30-year fixed-rate mortgages decreased to 4.38 percent from 4.44 percent;
· 15-year fixed-rate mortgages decreased to 3.77 percent from 3.88 percent;
· 1-year ARMs increased to 7.04 percent from 6.96 percent.
Source: Mortgage Bankers Association (09/29/2010)
To Buy Now:
www.KatieKRealty.com
If you enjoyed this post, please consider sharing it with others.
Sign in or sign up to leave a comment
Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
Advertisement
Katie Paulsen’s Blog Archive
Advertisement
Saved
