WASHINGTON, June 22 (UPI) -- The Mortgage Bankers Association said U.S. mortgage activity declined in the week ending June 17, despite dropping long-term interest rates.
Interest rates for 30-year, fixed-rate mortgages rose from 4.51 percent to 4.57 percent with points falling from 1.04 to 0.91. Rates for 15-year, fixed-rate contracts rose from 3.67 percent to 3.7 percent with points dropping from 1.06 to 1.05, the association said.
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