Mortgage applications fall after weeks of growth

The Market Composite Index, which measures the volume of the mortgage loan of the mortgage loan, fell by 6.2% on a seasonal basis from a week earlier. On a non -adjusted basis, the index fell by 6% compared to last week.

The refinancing index fell by 13% compared to last week, but was 70% higher than the same week a year ago. The seasonal adjusted purchasing index rose by 0.1% compared to a week earlier, while the non -corrected purchase index increased by 1% compared to the previous week and a year ago was 6% higher than the same week.

“The mortgage interest rose for the first time in nine weeks, with the 30-year fixed rate to 6.72%. Fha Purchase requests, “said Mike Fratantoni, senior vice president and chief economist of MBA.

Fratantoni continued: “In general, the registration volume has risen by 6% compared to last year at the moment.

The refinancing share of the mortgage activity fell to 42.0% of the total applications of 45.6% the last week. In the meantime, the mortgage share (poor) share in the activity of the activity fell to 6.7% of the total applications.

The FHA share of the total applications increased to 16.5% of 16.1% per product the week before and the Va The share of the total applications fell to 14.6% of 15.9% last week. The USDA The share of the total applications remained unchanged at 0.4%last week.

The mortgage interest rate was increased across the board. The average contract interest for 30-year mortgages with fixed interest rates with Jumbo loan stalances rose to 6.78% compared to the 6.68% of last week.

The average contract interest for 30-year-old by FHA with fixed interest rates supported by the FHA rose to 6.40% of 6.34%, while the interest rates for 15-year-old mortgages with a fixed interest rates rose to 6.08% of 6.04%.

The interest rates for 5/1 weapons rose to 5.84% of 5.81%.