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Friday, December 18, 2009

Mortgage size increases vaguely

Mortgage requests were increased 0.3% last week when compared to the previous week on both a seasonally adjusted basis and on an unadjusted basis, according to the Mortgage Bankers Association weekly survey.

The raise was in refinances, which increase 0.9%. As a share of mortgage activity, refinances strike 74.4%, the maximum refinance share since April 24.

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The purchase index reduced to 0.1% on an adjusted basis and decreased to 3.6% on an unadjusted basis. It was 15.4% lesser than when compared to the same week previous year.

Few mortgage rates were increased last week when compared to the previous week as follows.
  • 1-year ARMs reduced to 6.52% from 6.55%.
  • 15-year fixed-rate mortgages stayed at 4.33%.
  • 30-year fixed-rate mortgages rose to 4.92% from 4.88%.

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