Mortgage application activity increased 2.7% for the week ending March 18 in response to attractive mortgage rate levels. 

The Mortgage Bankers Association (MBA) reported the average contract rate for 30-year fixed mortgages was 4.80%, up one basis point. However, points declined to 0.96 from 1.07 for 80% LTV loans, thus lowering the effective rate.  

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.