1.
U.S. markets recover from steep losses
WASHINGTON, June 30 (UPI) -- The volume of applications for U.S. mortgages rose in the week ending June 25, as long-term interest rates fell, an industry group said Wednesday.
The Mortgage Bankers Association said its Market Composite Index increased 8.8 percent, while the Refinancing Index fell 12.6 percent on a seasonally adjusted basis in the week.
During the week, the average interest rate for 30-year, fixed-rate mortgages decreased from 4.75 percent to 4.67 percent with points falling from 1.07 to 0.96.
Rates for the average 15-year, fixed-rate mortgages fell from 4.19 percent to 4.06 percent, with points for 15-year contracts falling from 1 to 0.97.
For one-year, adjustable-rate mortgages, the average interest rate stood unchanged in the week at 7.05 percent with points also unchanged at 0.27, the MBA said.
|
|
|
|
|
|
| Additional Business News Stories | |
JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
|
LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
