Interest rates for 30-year, fixed-rate mortgages rose from 4.46 percent to 4.69 percent with points falling from 1.19 to 0.9. Rates for 15-year, fixed-rate contracts rose from 3.64 percent to 3.79 percent with points dropping from 1.11 to 0.88, the association said.
The banking group said its weekly mortgage activity index fell 5.2 percent, while the refinancing Index dropped 9.2 percent.
Tesla could face sales ban in Michigan
Twitpic to shut down after failed acquisition