facebook
twitter
rss
account
search
search
 

Weekly mortgage volume rises marginally

May 2, 2012 at 12:52 PM   |   Comments

WASHINGTON, May 2 (UPI) -- The Mortgage Bankers Association said U.S. mortgage activity rose marginally in the week ending Friday with interest rates mixed.

Mortgage activity rose 0.1 percent in the week. The trade group's Refinancing Index also rose 0.7 percent from the previous week, the MBA said.

Interest rates for 30-year, fixed-rate conforming mortgages rose from 4.04 percent to 4.05 percent with average points rising from 0.4 to 0.44.

Rates for 15-year, fixed-rate contracts fell from 3.32 percent to 3.31 percent, the lowest rate in the history of the survey. Points for 15-year loans were unchanged at 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.
Recommended UPI Stories
Most Popular
1
Iran boasts of nuclear energy potential
2
U.S. Navy receives new attack submarine
3
Russian military receives upgraded helicopters
4
A400M demos refueling capability using Cobham equipment
5
Home Depot latest victim of hackers
Trending News
Video
x
Feedback