MBA Mortgage Apps: U.S. mortgage applications jumped to their highest since late May as interest...

|By:, SA News Editor
MBA Mortgage Apps: U.S. mortgage applications jumped to their highest since late May as interest rates on the benchmark 30-year fixed mortgage dropped below 5%. MBA's composite index increased by 12.8%, while rates fell 0.11 points to 4.97%, the first trip below 5% since May.