“Rates on both 30- and 15-year fixed rate mortgages decreased for the second consecutive week, and combined with the previous week’s rate moves, spurred another strong week for application activity as borrowers with higher rates took the opportunity to refinance." --Joel Kan, MBA’s Vice President and Deputy Chief Economist.

Industry news from Ginnie Mae, LenderLogix, Truv, Nationwide Property & Appraisal Services and Westcor.