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Wednesday April 13, 06:25
Mortgage applications rose 6.1% in the week ended April 8,
(by Mark Riley)

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Mortgage applications rose 6.1% in the week ended April 8, U.S. home mortgage applications rose 6.1% in the week ended April 8, on purchasing and refinancing activity, according to the Mortgage Bankers Association (MBA).

The seasonally adjusted index rose to 683.6. The seasonally adjusted index of refinancing applications rose 5.6%to 1899.6.

The purchase index advanced 6.4% to 474.5.

Refinancings accounted for 38.1% of total applications, the adjustable-rate mortgages reached 35.8% from 35.2%.

Fixed 30-year mortgage rates averaged 5.95%, up 0.04% from 5.91% last week.
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Read the related news and articles:
19 May 2005 03:01 PM U.S. mortgage rates fell to 5.71% last week: Freddie Mac
19 May 2005 07:50 AM Regulators prepare new guidelines on credit-risk management of first-time mortgages
19 May 2005 07:48 AM Letters of credit increasingly used to finance property investment
18 May 2005 01:32 PM U.S. home mortgage applications tumbled 10.5%
17 May 2005 02:43 PM ARMs and interest-only mortgages take over mortgage market
 


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