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

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percent in the week endefd June 5, according to the . Refinanciny applications fell 11.8 percent from the previous while applications for new mortgages wereup 1.1 percent. Refinancinvg made up 59.4 percent of total applicationslast week, down from 62.4 percent the previous week. That’s the lowest the refinance share has beensinces November. The share of adjustable-rate mortgages increased to 3.4 percent from 3 percen t of total applications from thepreviouz week. The average interest rate for 30-yead fixed-rate mortgages increased to 5.57 percent from 5.25 with points increasing to 1.09 from 1.02. The average interest rate for 15-year fixed-rate mortgages increased to 5.
1 percent from 4.8 with points decreasing to 1.04 from 1.1. The average interest rate for one-yeat ARMs increased to 6.75 percent from 6.61 percent, with point s decreasing to 0.1 from