MBA Mortgage Applications, for the week that ended December 19th, rose +0.9% vs. -3.3% prior (+3.8% YoY). Purchases rose +1.3% vs. -6.9% prior (-0.9% YoY), Refinancing rose +1.1% following a flat reading prior (+6.3% YoY) and the average interest rate for a 30-Year conventional conforming loan fell -4 bps to 4.02% (4.64% a year ago). Jobless Claims dropped by -9K to 280K vs. 289K prior, for the week that ended December 20, the fewest since November. Continuing Claims rose to 2403K vs. 2373K prior.
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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