According to The Mortgage Bankers Association’s Weekly Mortgage Applications Survey, the average interest rate for 30-year fixed-rate mortgages increased to 5.01 percent last week, up .10 percentage points from the week before. The MBA report also said that, though demand for loan applications fell 4.2 percent, the four-week average was up 1.9 percent. More here.
Theresa Springer’s Blog
Rates Rise, Demand Drops for 2nd Week
March 24, 2010
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