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Home Refinancing Loans August 2009

The Mortgage Bankers seasonally adjusted index of refinancing applications increased 6.9 percent to 1,982.5.

The refinance share of applications increased to 53.3 percent from 52.3 percent the previous week, but remained significantly lower than the peak of 85.3 percent in the week ended January 9. The adjustable-rate mortgage share of activity increased to 6.5 percent in the latest week, up from 5.8 percent the previous week.

Fixed 15-year mortgage rates averaged 4.52 percent, down from 4.71 percent the previous week. Rates on one-year ARMs decreased to 6.66 percent from 6.71 percent.

Hipotecas Prestamos August 19, 2009 08:11 AM