This is a news story, published by CNBC, that relates primarily to FHA news.
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rate mortgagesCNBC
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75% Informative
Applications to refinance a home loan fell 0.3% for the week but were 94% higher than a year ago .
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($ 766,550 or less) decreased to 6.43% from 6.44% - Applications for a mortgage to purchase a home did rise 3% .
The small increase was led by government loan demand, led by FHA and VA loans.
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