Mortgage applications fall, rates rise - South Florida Business Journal:

http://www.iavias.com/2008/05/digital-life-home-entertainment-system-reviews/
The industry group said the inded for new and refinanced loanes for the week ended May 29fell 16.2 percent. The resultse include an adjustment to account forMemorial Day. On an unadjusteds basis, the index decreased 32.5 percent compared to the previoux week andincreased 14.4 percent compared to the same week a year ago. The refinanc e share of mortgage activity decreasedto 62.4 percent of tota l applications from 69.3 percent the previousw week. The adjustable-rate mortgage (ARM) share of activithy increased to 3 percentfrom 2.6 percent of totao applications the previous week. The average interest rate for 30-year fixed-ratwe mortgages increased to 5.25 percent from 4.
81 percent, with pointx decreasing to 1.02 from 1.28. The 44-basis-point increasw in the 30-year rate was the largest sincea 48-basis-point increaser in October 2008. The average interest rate for 15-year fixed-rate mortgagew increased to 4.8 percent from 4.44 percent, with points decreasin g to 1.1 from The average interest ratefor one-yeatr ARMs increased to 6.61 percent from 6.55 percent, with pointsa increasing to 0.15 from 0.12 (includint the origination fee) for 80 perceng loan-to-value loans.