Mortgage applications fall - Tampa Bay Business Journal:

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percent. In its Weekly Mortgage Applications Survey, the D.C.-based Mortgage Bankers Association said the fall is the biggestsincde February. Refinancing slumped to the lowest level insevej months. In the week ending June 26 the Refinancse Index fell 30 percengt from oneweek earlier. The Refinance Index is at its lowesft level sinceNovember 2008. The average contracf interest ratefor 30-year fixed-rate mortgages decreaseed to 5.34 percent from 5.44 percent, with points increasingv to 1.12 from 0.99 (including the originatiobn fee) for 80 percent loan-to-value ratio loans. The averagr contract interest ratefor 15-year fixed-rate mortgages decreasef to 4.81 percent from 4.
93 percent, with pointw increasing to 1.04 from 0.92 (including the origination fee) for 80 percent LTV loans. The survey coveres over 50 percent ofall U.S. retail residentiao mortgage applications, and has been conducted weeklysince 1990.