facebook
twitter
search
search

Weekly mortgage volume rises marginally

May 2, 2012 at 12:52 PM

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.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules