Mortgage applications have once again dropped as a result of the slight increase in the average contract interest rate for 30 - year fixed rate mortgages. (realtytoday.com)
The average contract interest rate for 30 - year fixed - rate mortgages with conforming loan balances ($ 453,100 or less) increased to its highest level since April 2014, 4.50 percent, from 4.41 percent, with points increasing to 0.57 from 0.56 (including the origination fee) for 80 percent loan - to - value ratio loans. (cnbc.com)
The number of months and the total principal amount plus approximate interest charges required to liquidate in full the debts, except mortgage or land contract interest payments, described in the contract. (navicoresolutions.org)