Weekly mortgage applications stall along with rates and home sales | BOT24

Weekly mortgage applications stall along with rates and home sales

Rising interest rates and rising home prices are cutting into mortgage demand, as fewer consumers have the incentive to refinance or buy a home.

Total mortgage application volume slipped 0.4 percent last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted report. Volume now stands 24 percent lower than a year ago.

more here...............https://www.cnbc.com/2017/10/04/weekly-mortgage-applications-stall-along-with-rates-and-home-sales.html


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