Industry News

Rising rates deter borrowers

Home loan apps down since mid-March
Published on Apr 4, 2007

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Overall mortgage application volume fell last week for the third week as interest rates rose sharply, the Mortgage Bankers Association reported today. The market composite index, a measure of mortgage application volume, dropped 3.2 percent, falling to 649.5 last week ...