Quick Contact

Your Name (required)

Your Phone (required)

Your Email (required)

Your Message


Type this number below.

Mortgage Application Activity Dwindles as Rates Move Higher

Mortgage application activity declined during the week as the 30-year mortgage rate crossed the 5.0 percent line for the first time in seven years and other products moved to new seven or eight year highs.  The Mortgage Bankers Association (MBA) said its Market Composite Index, a measures of application volume, declined by 1.7 percent on a seasonally adjusted basis during the week ended October 5.  On an unadjusted basis the index was down by 2.0 percent. The seasonally adjusted Purchase Index lost ground for the first time in six weeks, decreasing by 1 percent compared to the previous week, and was down by 1.0 percent on an unadjusted basis as well.  

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Comments are closed.