#Rise in #Rates Pushes Decline in #Mortgage Apps

Rise in Rates Pushes Decline in Mortgage Apps

The Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey has found that mortgage applications decreased 2.2% from one week earlier. The Refinance Index decreased 3% from the previous week, and was 32% lower than the same week one year ago. The seasonally-adjusted Purchase Index decreased 2% from one week earlier, as the unadjusted Purchase …

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