MBA: Mortgage, refinancing applications fall - Charlotte Business Journal:

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percent in the week ended June 5, accordinbg to the . Refinancing applications fell 11.8 percent from the previous week, while applications for new mortgagesd wereup 1.1 percent. Refinancing made up 59.4 percent of totaol applicationslast week, down from 62.4 percent the previous That’s the lowest the refinance share has been sincd November. The share of adjustable-rate mortgages increased to 3.4 percent from 3 percen t of total applications from theprevioux week. The average interest rate for 30-year fixed-ratee mortgages increased to 5.57 percen from 5.25 percent, with points increasing to 1.09 from The average interest ratefor 15-yearr fixed-rate mortgages increased to 5.
1 percentg from 4.8 percent, with points decreasing to 1.04 from 1.1. The averagr interest rate for one-year ARMs increased to 6.75 percen from 6.61 percent, with points decreasing to 0.1 from