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Daily market update: Aug. 19, 2015

Our daily recap of market news, updated regularly with new tidbits

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Here's the latest market news, summarized and recapped: Yesterday's average 30-year fixed mortgage rate: 4.01 percent Ellie Mae's July origination insight report showed: The average rate on a 30-year fixed-rate mortgage rose to 4.29 percent in July 2015, up from 4.12 percent in June. 66.2 percent of loan applications closed in July, the highest level since Ellie Mae began tracking this data in August 2011. The average FICO score on closed loans fell for the third consecutive month to 725, which is its lowest level since February 2014. MBA's refinance applications report: Mortgage refinance activity increased to 55.5 percent of total applications from 53.1 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 6.9 percent of total applications. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 3.88 percent, its lowest level since May 2015. From yesterday: Trulia's a...