facebook
twitter
search
search

Mortgage activity turns lower

July 6, 2011 at 9:37 AM

WASHINGTON, July 6 (UPI) -- The Mortgage Bankers Association said U.S. mortgage activity declined in the week ending July 6, as long-term interest rates rose.

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.

Related UPI Stories
Latest Headlines
Trending Stories
Chelsea Clinton accidentally calls Bernie 'President Sanders'
Watch every star-studded Super Bowl commercial of 2016
Susan Sarandon responds to Piers Morgan criticizing cleavage
Two Virginia Tech students plotted 13-year-old's death, prosecutors said
Colin Powell, Condoleezza Rice got classified email on private accounts