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Mortgage application activity gained ground for the second straight week, with significant increases across the board during the week ended January 13. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of loan application volume, increased 27.9 percent on a seasonally adjusted basis and was 32 percent higher on an unadjusted basis compared with …

Mortgage Applications Off to Promising Start in New Year Read More »

Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent, as concerns about a potential recession continue to loom. KEY TAKEAWAYS 15-year fixed-rate mortgages averaged 4.45% with an average 0.8 point, down from 4.83% last week. 14.9% of listings nationwide had their prices reduced last month, the highest rate since before …

Freddie Mac: In A Twist Of Fate, Mortgage Rates Drop Read More »