According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures both refinance and purchase loan application volume, fell 2.1 percent last week. But, though the Refinance Index suffered a 3.0 percent decline from the previous week’s levels, the seasonally adjusted Purchase Index increased by the same amount, gaining 3.0 percent from the week before. Mortgage rates, on the other hand, hit new all-time lows. The average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances fell to 3.79 percent from 3.86 percent. In June, the average loan size for home purchase was $240,897. Last week’s results contain an adjustment for the Fourth of July holiday. 

 

Thanks,


Ryan Magee 

Mortgage Loan Officer

Bridgeview Bank Mortgage Company LLC

900 Cresteview Drive Suite 120

Hudson, WI 54022

715-821-1818 - Cell

952-232-0012 - Fax

r.magee@mybbmc.com - Email

Website: http://ryanmageemortgage.com

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Ryan Magee

Ryan Magee - Mortgage Loan Officer

Hudson, WI

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Bridgeview Bank Mortgage Company

Address: 900 Crestview Drive Suite 120, Hudson, WI, 54016

Office Phone: (715) 821-1818

Cell Phone: (715) 821-1818

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