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FHFA Reports Mortgage Interest Rates for June

The Federal Housing Finance Agency (FHFA) recently reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 3.67 percent based on...

Refinance Applications Reach Highest Level Since 2009

Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 20, 2012. The Market Composite Index, a measure of mortgage loan application...
10.20.2.102