According to The Mortgage Bankers Association’s Weekly Applications Survey, total mortgage loan application volume was up 11.3 percent last week from the week before. The Refinance Index rose 11.7 percent and the Purchase Index increased 9.5 percent. The average contract interest rate for 30-year fixed-rate mortgages climbed to 4.81 percent from 4.80 percent the previous week. More here and here.
Theresa Springer’s Blog
Mortgage Applications Rise 11.3 Percent
February 2, 2011
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