Mortgage Applications Rise
(Washington, DC) — Mortgage applications are rising. The Mortgage Bankers Association says they jumped two-percent last week. A top official from the M-B-A says a decline in mortgage rates went down and that led to more borrowers looking to refinance. Government refinances rose more than 20-percent as the FHA rate dropped by seven basis points. However, the 15 and 30-year fixed mortgage rates only fell one basis point.