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Market Update: Mortgage Applications Rise for 2nd Week: MBA
Mortgage applications in the US were up 2.1% in the week ending June 18th, following a 4.2% rise in the previous week, data from the Mortgage Bankers Association showed. Applications to refinance a home loan were up 2.8% and purchases increased 0.6%. The average fixed 30-year mortgage rate jumped by 7 bps to 3.18 percent, rising from a 5-week low of 3.11%. source: Mortgage Bankers Association of America [/s2If]
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