MBA: Mortgage, refinancing applications fall - South Florida Business Journal:

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percent in the week ended June 5, accordingh to the . Refinancing applications fell 11.8 percent from the previouas week, while applications for new mortgages wereup 1.1 Refinancing made up 59.4 percent of total applications last week, down from 62.4 percent the previous week. That’s the lowest the refinance share has beensincse November. The share of adjustable-rate mortgages increased to 3.4 percent from 3 percent of total applicationsz from theprevious week. The averaged interest rate for 30-year fixed-rate mortgages increased to 5.57 percengt from 5.25 percent, with points increasing to 1.09 from 1.02. The average interest rate for 15-yeafr fixed-rate mortgages increased to 5.
1 percenty from 4.8 percent, with points decreasing to 1.04 from 1.1. The averag interest rate for one-year ARMs increased to 6.75 percentr from 6.61 percent, with pointx decreasing to 0.1 from 0.15.