Mortgage applications down last week
The Mortgage Bankers Association is reporting the applications for home mortgages decreased last week "as purchasing and refinancing activity dropped due to an increase in mortgage rates."
Overall, refinancing took the biggest hit, as rising interest rates are creating less incentive to refinance.
Overall, refinancing took the biggest hit, as rising interest rates are creating less incentive to refinance.
posted by Dahcredyns at 7:59 AM
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