Higher rates choke home loan apps

Rising interest rates pushed home loan application volume down a seasonally adjusted 4.6 percent last week from one week earlier, the Mortgage Bankers Association reported today.

Overall application volume has now fallen for two straight weeks, impacted by another substantial decline in refinance activity, which dropped 8.9 percent last week and overshadowed the 0.1 percent gain in the index that tracks purchase loans.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.