Jumbo Rates Dip For Buyers

Some mixed housing signals as for the seventh straight week mortgage activity declined while interest rates were up and down, based on information from the Mortgage Bankers Association. MBAA statistics shows mortgage activity dropped 3.7 percent in the week ending Friday July 25th.

During that same week,  refinancing activity also fell by 4 percent.

For higher-end buyers in the jumbo loan category for loans above $417,500, there is some good news as rates dipped to  4.64 percent from 4.66 percent. the origination percentage dropped as well to 0.31 from .33.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s