Mortgage rates hit another new low

Today the Mortgage Bankers Association released its weekly mortgage survey numbers for the week ending July 16.  Here are the highlights:

  • 30 year fixed rate: 4.59% (a new record low)
  • 15 year fixed rate: 4.05% (a new record low)
  • Refinance activity moved up 10.7% to its highest level since May 2009
  • Applications for new loans were ahead by 8%
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