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Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending January 26, 2018.

 

Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 26, 2018.

The MBA reported mortgage interest rates for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) increased from last week’s 4.36% to 4.41%, the highest level since March 2017.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,100) increased to 4.34% from 4.31% last week, also hitting its highest level since March.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 4.4%, up from last week’s 4.37%, the highest level since September 2013.

The average contract interest rate for 15-year fixed-rate mortgages increased to 3.85% from 3.81%, the highest level since April 2011.

Lastly, the average contract interest rate for 5/1 ARMs increased to 3.79%, up from 3.7% and the highest level since March 2011.

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