From Realtor Magazine Online, Daily Real Estate News September 3, 2008
Mortgage applications rose last week for the second week in a row. They increased 7.5 percent on a seasonally adjusted basis to 453.1 from 421.6 the previous week.
On an unadjusted basis, the index increased 5.8 percent compared with the previous week and was down 27 percent compared with the same week a year ago.
The refinance index rose 2.1 percent and the purchase index was up 10.5 percent. The increases coincided with a decline in mortgage rates.
* 30-year fixed-rate mortgages decreased to 6.39 percent from 6.44 percent
* 15-year fixed-rate mortgages increased to 5.96 percent from 5.94 percent
* 1-year ARMs decreased to 7.11 percent from 7.15 percent
Source: Mortgage Bankers Association (09/03/2008)
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