US DATA: Mortgage applications -1.2% from one week earlier,
according to MBA Weekly Mortgage Applications Survey for Oct 5 week.
Refis -2.0% from the previous week. The seasonally adjusted Purchase
Index increased 2% from one week earlier. “Refinance applications
declined somewhat last week although volume is still near three-year
highs, and purchase applications increased to the highest level since
June,” MBA says. Average contract interest rate for 30-year fixed-rate
mortgages with conforming loan balances increased to 3.56%, first
increase after declining for six consecutive weeks.