MBA Mortgage Applications posted gains of +0.9% vs. +3.6% prior. Purchases declined -2.8% vs. -0.1% prior (-51.9% YoY) and refinancing boosted +3.8% following the prior week’s +6.8% jump. The average interest rate for a conventional conforming loan declined -6 bps to 4.33%. At 11:00 AM (PDT)the Fed releases the minutes from their last meeting.
GNMA Issuer Fannie Mae and Freddie Mac Direct Lender Licensed throughout the U.S. and Puerto Rico Privately Held Mortgage Bank for Over 32 Years Excellent Underwriting / Funding Turn Times
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