Mortgage Applications Fall Again As Rates Rise
Volume decreased 13.3% in MBA weekly survey, the third decline in four weeks.
Volume decreased 13.3% in MBA weekly survey, the third decline in four weeks.
Researchers say the study does ‘not necessarily’ indicate fair lending violations.
Purchase and refinance loans both fell as mortgage rates increased across the board.
MBA survey finds overall volume increased 7.4% from a week earlier.
After rising for 3 weeks in a row, the MBA's Market Composite Index fell 9% on a seasonally adjusted basis.
The median payment fell to $1,920 in December from $1,977 in November.
Says offering allows customers to go from application to commitment letter within 24 hours .
MBA economist says homebuying activity remains 'tepid.'