Tag Archives: Mortgage application filings fall 2.2%

Mortgage application filings for the week ending Nov. 16 declined 2.2%, the Mortgage Bankers Association said Wednesday. The refinance index fell 3% from the previous week while the purchase index on a seasonally-adjusted basis increased 3% from a week earlier. Overall, refinancing activity continued to make up 81% of all loan applications, unchanged from the previous week. Adjustable-rate mortgages grew in popularity, now representing 4% of all loan applications. The average contract rate on a 30-year, fixed-rate mortgage with a conforming loan limit increased to 3.54% from 3.52%. The average […]