Mortgage Rates Edge Upwards, But Consumer Confidence Remains High
Following a significant dip, 30-year and 15-year fixed mortgage rates see a minor increase.
Following a significant dip, 30-year and 15-year fixed mortgage rates see a minor increase.
The 30-year fixed-rate mortgage averaged 6.71%, down 8 basis points from the previous week.
The 30-year fixed-rate mortgage average rose to 6.39%, while the 15-year rate remained unchanged.
MBA: Applications fell 5.7% last week, after rising 6.3% the previous week.
MBA says both its purchase and refinance indices rose as 30-year fixed rate fell to 6.48%.
After 2 weeks of increases, 30-year rate dipped to 6.39%.
Average for 15-year fixed rate fell last week.
The 30-year fixed rate increased 13 basis points to 6.43%.
30-year fixed rate dips 1 basis point to 6.27%.