Mortgage Applications Jump, As Window Begins To Close For The Refinancing Opportunity Of A Lifetime
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 22, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 3.2 percent on a seasonally adjusted basis from one week earlier.
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Community Briefs: Mortgage refinancing help Oct. 30 at library
NACA (The Neighborhood Assistance Corporation of America), a HUD-certified national nonprofit counseling agency, will host Save the Dream: Restructure Your Mortgage to An Affordable Payment from 10 a.m. to noon on Saturday, Oct. 30, at the Bellwood Public Library, 600 Bohland Ave., in Bellwood.
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Fixed mortgage rates rise slightly
Lenders this week were charging an average of 4.23% on a 30-year mortgage and 3.66% on a 15-year loan, both up 0.02 of a percentage point from last week. Interest rates on fixed-rate home loans edged higher for a second week after scraping bottom, but the cost of a popular type of adjustable-rate mortgage fell slightly, Freddie Mac said Thursday.
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