The Housing Chronicles Blog: Mortgage applications dip 2.0 percent, rates slip three basis points

Wednesday, August 15, 2018

Mortgage applications dip 2.0 percent, rates slip three basis points

The Market Composite Index decreased 2.0 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 30 percent and refinance activity remaining flat. The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.81 percent from 4.84 percent.

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