Mortgage Applications Just Barely Stay Positive

Mortgage Applications Just Barely Stay Positive

Mortgage applications just barely stayed positive last week, ticking up slightly. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – increased by 0.5%. Adjusted purchase applications rose by 2%, while the unadjusted index was down 0.1% from the week before and 32% lower…

Interest Rates Rose Last Week, Pushing Applications Down

Interest Rates Rose Last Week, Pushing Applications Down

Interest rates increased last week for the first time in more than a month, pushing mortgage applications down. The Mortgage Bankers Association’s weekly survey says the adjusted Market Composite Index – a measure of mortgage loan application volume – decreased by 8.8%, outstripping last week’s 5.3% increase. Adjusted purchase applications fell by 10%, while the…

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