From Realtor Magazine Online, Daily Real Estate News June 11, 2008
After a couple of down weeks, mortgage application volume rose 10.9 percent last week to 557.1 from 502.3 the previous week on an adjusted basis, according to the weekly survey by the Mortgage Bankers Association.
On an unadjusted basis, mortgage volume increased 23 percent compared with the previous week, but was down 16.5 percent compared with the same week a year ago.
Refinances were up 8.4 percent and the purchase index rose 12.8 percent, despite rising mortgage rates. Current rates are:
* 30-year fixed-rate mortgages increased to 6.24 percent from 6.17 percent;
* 15-year fixed-rate mortgages increased to 5.78 percent from 5.7 percent;
* 1-year ARMs increased to 6.87 percent.
Source: Mortgage Bankers Association (0611/2008)
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