Wednesday, April 21, 2004

Mortgage Bankers report on home loans

The Mortgage Bankers Association has reported that for the week ending April 16th the purchase home loan applications remain steady and refinance home loan applications declined slightly.

The M.B.A. reports "The average contract interest rate for 30-year fixed-rate mortgages increased to 5.84 percent from 5.77 percent from one week earlier, with points increasing to 1.36 from 1.33 the previous week (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans."

To read the entire press release, please go here.

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