facebook
twitter
search
search

Mortgage activity climbs in week

April 18, 2012 at 11:29 AM

WASHINGTON, April 18 (UPI) -- The Mortgage Bankers Association said U.S. mortgage activity rose in the week ending Friday, as interest rates dropped.

Mortgage activity increased 6.9 percent in the week. The trade group's Refinancing Index also rose, jumping 13.5 percent from the previous week.

Interest rates for 30-year, fixed-rate conforming mortgages fell from 4.43 percent to to 4.36 percent with average points unchanged at 0.36.

Rates for 15-year, fixed-rate contracts fell from 3.37 percent to 3.33 percent. Points for 15-year loans rose from 0.37 to 0.41.

Related UPI Stories
Latest Headlines
Top Stories
Canada builds on LNG export potential
AAA: National gas prices down, though volatility endures
BP upbeat after disappointing second quarter
Norwegian company surveying offshore Mexican reserves
Chinese woes continue drag on oil prices