(Reuters) - Borrowing costs on 30-year fixed-rate mortgages, excluding
fees, averaged 6.59 percent, down 0.02 percentage point from
the previous week. Interest rates were also below year-ago
levels at 6.69 percent.
The MBA's seasonally adjusted purchase index fell 5.0
percent to 424.2, its lowest reading since April. The index was
above its year-earlier level of 389.0. The purchase index is
considered a timely gauge of U.S. home sales.
Read more at Reuters.com Bonds News
fees, averaged 6.59 percent, down 0.02 percentage point from
the previous week. Interest rates were also below year-ago
levels at 6.69 percent.
The MBA's seasonally adjusted purchase index fell 5.0
percent to 424.2, its lowest reading since April. The index was
above its year-earlier level of 389.0. The purchase index is
considered a timely gauge of U.S. home sales.
Read more at Reuters.com Bonds News
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