Home Mortgage Rates - Weekly MBA Survey - Week Ending 9/22/2010

The Mortgage Bankers Association released its weekly mortgage survey for the week ending 9/22/2010. According to the report, application volume fell 1.4% when compared to the previous week. The refinance index also decreased .9%.

The report also noted that the four week moving average for the seasonally adjusted Market Index fell 2.3% The refinance portion of volume represented 81.1% of all applications. ARM (adjustable rate mortgages), comprised 5.9% of all originations. Contract interest rates for 30 year fixed rate mortgages fell to 4.44% from 4.47% with points going down as well from 1.08 to .86.

You can find more and read the rest of the report on MBA's web site.