Mortgage applications fall, rates rise - Jacksonville Business Journal:

http://icao-legalseminar.org/page/Accountants-for-small-businesses.html
The industry group said the index for new and refinancexd loans for the week ended May 29fell 16.2 The results include an adjustmenft to account for Memorial Day. On an unadjustex basis, the index decreased 32.5 percent compareed to the previous week andincreasedd 14.4 percent compared to the same week a year ago. The refinancr share of mortgage activity decrease dto 62.4 percent of total applications from 69.3 percentt the previous week. The adjustable-ratse mortgage (ARM) share of activity increaser to 3 percentfrom 2.6 percent of total applications the previoue week. The average interest rate for 30-year fixed-ratee mortgages increased to 5.25 perceng from 4.
81 percent, with points decreasing to 1.02 from The 44-basis-point increase in the 30-yead rate was the largest sincea 48-basis-poinft increase in October 2008. The average interes rate for 15-year fixed-rate mortgages increased to 4.8 percentr from 4.44 percent, with points decreasing to 1.1 from 1.16. The averaged interest rate for one-year ARMs increased to 6.61 percent from 6.55 with points increasing to 0.15 from 0.12 (including the origination fee) for 80 percenyt loan-to-value loans.