(Reuters) - Average 30-year fixed-rate mortgage rates, excluding fees, fell 0.04 percentage point to 6.10 percent, the lowest since they hit 6.04 percent in the March 23 week. Long-term borrowing costs have fallen about half a percentage point from a year ago, according to the trade group.
The MBA's seasonally adjusted purchase index rose 2.6 percent to 438.3, its highest level since 439.7 in the week ended Jan. 12. The group's seasonally adjusted refinancing index showed applications up 4.9 percent to 2,115.2, its peak since the March 23 week.
Read more at Reuters.com Bonds News
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