Posted by grapebed on 3/14/13 7:55pm
Msg #461260

Mortgage rates highest since August 2012, apps decrease

" There has been a sustained refinance boom for over a year, and 76 percent of all mortgage applications are for refinancing. Refinance activity will probably slow in 2013.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) increased to 3.81 percent, the highest rate since August 2012, from 3.70 percent, with points remaining unchanged at 0.39 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

Read more at http://www.calculatedriskblog.com/2013/03/mba-mortgage-applications-decrease.html#9l1k8856c8Id62jG.99

Read more at http://www.calculatedriskblog.com/2013/03/mba-mortgage-applications-decrease.html#9l1k8856c8Id62jG.99

Reply by MW/VA on 3/14/13 8:00pm
Msg #461263

I'm not seeing that at this end. Most refi's are with

their current rate at 5% or more. These are still historically low rates.

Reply by Resilient/MD on 3/15/13 8:03am
Msg #461316

Re: I'm not seeing that at this end. Most refi's are with

Not seeing that here in MD. Most are 3.5.....Did one last night 30yrs. with Wells for 2.6..Fixed Conventional. Absolutely lowest I have seen.