Interest rates for 30-year, fixed-rate mortgages rose from 4.54 percent to 4.57 percent with points increasing from 0.98 to 1.14. Rates for 15-year, fixed-rate contracts rose from 3.66 percent to 3.67 percent with points rising from 0.97 to 1.08, the association said.
The banking group said its weekly mortgage activity index fell 4.9 percent, while the refinancing Index dropped 5.5 percent.
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