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

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percent in the week ended June 5, according to the . Refinancingf applications fell 11.8 percent from the previouzs week, while applications for new mortgagezs wereup 1.1 percent. Refinancing made up 59.4 percent of totaol applicationslast week, down from 62.4 percentt the previous week. That’s the lowesty the refinance share has beensince November. The share of adjustable-ratwe mortgages increased to 3.4 percent from 3 percent of total applications from theprevious week. The average interesy rate for 30-year fixed-rate mortgages increase d to 5.57 percent from 5.25 percent, with points increasinv to 1.09 from 1.02.
The average interesg rate for 15-year fixed-rate mortgages increased to 5.1 percentt from 4.8 percent, with points decreasing to 1.04 from 1.1. The averaged interest rate for one-year ARMs increased to 6.75 percen from 6.61 percent, with points decreasing to 0.1 from