The Mortgage Bankers Association (MBA) announced their most current data (averages for contract interest rates):
30 Year Fixed Interest Rate = 5.01%
15 Year Fixed Interest Rate = 4.33%
1 Year Adjustable Rate Mortgage = 6.75%
Source: Mortgage Bankers Association (MBA)
The level of refinance activity was reported to be at 65.0%
of the total activity for the weekly survey. The level of
refinance activity for week ending March 12th was 67.30%.




















