facebook
twitter
rss
account
search
search
 

Mortgage activity slides slightly in week

April 6, 2011 at 11:24 AM   |   Comments

WASHINGTON, April 6 (UPI) -- The Mortgage Bankers Association said U.S. mortgage activity decreased slightly in the week ending April 1, as long-term rates were mixed.

Interest rates for 30-year, fixed-rate mortgages rose from 4.92 percent to 4.93 percent with points falling from 0.83 to 0.7. Rates for 15-year fixed-rate contracts fell from 4.16 percent to 4.14 percent with points rising from 0.99 to 1.09, the MBA said.

The MBA's Market Composite Index, indicating the volume of new mortgage activity, fell 2 percent in the week. The Refinancing Index fell 6.2 percent in the week, the trade group said.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Tesla could face sales ban in Michigan Tesla could face sales ban in Michigan
2
Early completion of refit of Italian aircraft carrier Early completion of refit of Italian aircraft carrier
3
British Reaper UAVs join the fight against Islamic State British Reaper UAVs join the fight against Islamic State
4
API: U.S. leverage hurt by oil export ban API: U.S. leverage hurt by oil export ban
5
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
Trending News
Around the Web
x
Feedback