More on MBA Mortgage Applications: The seasonally adjusted refinance index fell 2% Y/Y; the...

|By:, SA News Editor

More on MBA Mortgage Applications: The seasonally adjusted refinance index fell 2% Y/Y; the purchase index also fell 2%. The average contract rate on a 30-year fixed mortgage rose to 3.78%, the highest level since August. From Bill McBride, a long-term chart of the refinance index shows it slipping, but remaining at a high level. Purchases remain subdued.