As reported by Paul Ausick at www.dailyfinance.com and RISMedia, mortgage applications increased 11.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 7, 2012. This week’s results include the customary upward adjustment for the Labor Day holiday. The Market Composite Index, […]
Mortgage rates continued to climb this week, with the average rate on the benchmark 30-year fixed mortgage rising for the third consecutive week, to 3.86 percent according to Bankrate.com’s weekly national survey. The average 30-yearfixed mortgage has an average of 0.42 discount and origination points. But, let’s keep these numbers in perspective. These rates are […]