facebook
twitter
rss
account
search
search
 

Mortgage activity rises marginally

May 25, 2011 at 4:20 PM   |   Comments

| License Photo
WASHINGTON, May 25 (UPI) -- The Mortgage Bankers Association said U.S. mortgage activity increased 1.1 percent in the week ending May 20, despite a rise in long-term interest rates.

Interest rates for 30-year, fixed-rate mortgages rose from 4.6 percent to 4.69 percent with points falling from 0.93 to 0.69. Rates for 15-year, fixed-rate contracts rose from 3.75 percent to 3.78 percent with points dropping from 1.22 to 1.04, the association said.

The banking group said its Refinancing Index also rose, climbing 0.9 percent in the week.

© 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
Additional sub-components being made for Ballistic Missile Defense radar Additional sub-components being made for Ballistic Missile Defense radar
2
Russian bank boss feeling sanctions pain Russian bank boss feeling sanctions pain
3
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Army deploying JLENS radar system to help protect Washington, D.C. Army deploying JLENS radar system to help protect Washington, D.C.
Trending News
Video
x
Feedback