Soft mortgage application numbers revised higher

|By:, SA News Editor

Last week's 7% decline in mortgage applications was revised higher to a fall of just 2.8%.

The refinancing index fell 2.3% this week, and its 7.9% decline last week was revised to a decline of just 3.9%.

The purchase index slipped 0.5% this week, and its 5.2% decline last week was revised to a 0.7% drop.

The 30-year fixed mortgage rate shot higher by 12 basis points this week to 4.44%.