facebook
twitter
rss
account
search
search
 

Mortgage activity climbs in week

April 18, 2012 at 11:29 AM   |   Comments

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.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Continental Resources declares win in Oklahoma basin Continental Resources declares win in Oklahoma basin
2
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
3
Sandia National Labs develops zoom military rifle scope Sandia National Labs develops zoom military rifle scope
4
Lockheed Martin, Roketsan collaborate on F-35 cruise missile Lockheed Martin, Roketsan collaborate on F-35 cruise missile
5
U.S. oil exports at highest level since 1957 U.S. oil exports at highest level since 1957
Trending News
Around the Web
x
Feedback