Mortgage Rates Rise Slightly as Mortgage Apps Drop

Mortgage applications continued to fall compared to the previous week, falling 4.1% for the week ending Feb. 15, as the refinance share of mortgage dropped slightly to 61 percent of all apps. As the purchase index slipped 6% from one week earlier, the refinance index dropped three percent from the week prior. As informs, the 30-year fixed rate mortgage (FRM) with a conforming loan balance rose from 4.45 percent to 4.50 percent, while the FHA 30-year FRM nudged up to 4.16 percent from 4.13 percent the prior week. ##

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