The Market Composite Index decreased 2.6 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 2.0 percent and refinances falling 4.0 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to its highest level since April 2011, 4.86 percent.
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Thursday, May 24, 2018
Mortgage applications fall 2.6 percent, rates rise to highest level since April 2011
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