MBA: 30-year contract rate dips to 7.30%; applications fall 1.2%

The Mortgage Bankers Association's weekly survey for the week ending October 30 showed rates easing slightly while total applications slipped.

In this brief: 3 sections 1 min read

- 30-year conforming (up to $832,750): 7.30%, from 7.37%
- 30-year jumbo: 7.20%, from 7.28%
- FHA 30-year: 7.02%, down 10 bps
- 15-year fixed: 6.76%, up 6 bps
- 5/1 ARM: 6.29%, down 12 bps
- Total applications: down 1.2% (seasonally adjusted)
- Purchase index: down 2% week over week, 19% lower than a year ago (unadjusted)
- Refinance index: up 0.1%, 60% lower than a year ago
- Refi share: 39.8%, from 38.9%; ARM share 11.4%
- Freddie Mac's PMMS for this week comes out Thursday, November 5. Its last reading, on October 29, was 7.24% for the 30-year fixed.

Useful?