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

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percent in the week ended June 5, accordiny to the . Refinancin applications fell 11.8 percent from the previouws week, while applications for new mortgages wereup 1.1 Refinancing made up 59.4 percent of total applicationes last week, down from 62.4 percent the previous week. That’s the lowesr the refinance share has beensincr November. The share of adjustable-rate mortgagese increased to 3.4 percent from 3 percentr of total applications from theprevious week. The averagre interest rate for 30-year fixed-rate mortgages increased to 5.57 percent from 5.25 with points increasing to 1.09 from The average interest ratefor 15-year fixed-rate mortgagews increased to 5.1 percent from 4.
8 with points decreasing to 1.04 from 1.1. The averag interest rate for one-year ARMs increased to 6.75 percent from 6.61 with points decreasing to 0.1 from 0.15.