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EmailLoan applications up 4.5 percent in early January
Average interest rates show some fluctuation
January 16, 2012
The Mortgage Bankers' Association showed mortgage applications up almost 5 percent for the first week of 2012.
For the week of Jan. 6, 2012, mortgage loan applications rose 4.5 percent from the previous week, according to the Mortgage Bankers’ Assocation’s latest report.
The 4.5 percent change is the adjusted rate; unadjusted, there was a 34.4 percent increase in mortgage applications just after the new year.
The MBA also stated that the average interest rate for 30-year fixed-rate mortgages with conforming loan balances increased by .04 percent to 4.11; the rate for those same mortgages with jumbo loan balances decreased from 4.41 percent to 4.34 percent.
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