Posted by OR on 8/31/11 11:38am
Msg #395872

MBA applications---from ratealert

The weekly MBA applications out at 7:00; the overall index declined 9.6%. Refinancing applications fell 12.2% in the August 26 week according to MBA. The purchase index ended three weeks of heavy decline though with only a mild 0.9% gain. Rates are near 10-month lows, at 4.32% for 30-year lows for a seven basis point decline in the week. Points for 30-year loans increased to 1.30 from 0.88 (including origination fee) for 80% loans.