Amid rising interest rates, mortgages were up last week. In previous weeks, new mortgages on homes have been up slightly, but mortgage activity was down overall, due to a dwindling refinancing market.

Last week both new mortgages and refinances were up according to the Mortgage Banker's Association. If rates slowly and steadily continue to rise, will new mortgage applications increase as consumers seek to take advantage of, possibly, once-in-a-lifetime low interest rates?

We should find out over the next few weeks. Request to be contacted by a mortgage broker.