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

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percent in the week ended June 5, accordinh to the . Refinancing applicationsz fell 11.8 percent from the previous week, while applicationx for new mortgages wereup 1.1 percent. Refinancing made up 59.4 percen t of total applications last downfrom 62.4 percent the previous week. That’ds the lowest the refinance share has beensincer November. The share of adjustable-rate mortgages increasedr to 3.4 percent from 3 percentf of total applications from theprevious week. The average interest rate for 30-year fixed-rate mortgages increase d to 5.57 percent from 5.25 percent, with points increasingt to 1.09 from 1.02. The averagre interest rate for 15-year fixed-rate mortgages increased to 5.
1 perceng from 4.8 percent, with points decreasin to 1.04 from 1.1. The average interesy rate for one-year ARMs increasee to 6.75 percent from 6.61 percent, with points decreasinfg to 0.1 from 0.15.