MBA: Mortgage Application Rates Plummet Nearly 7% From Last Week
On an unadjusted basis, the Index decreased 17% compared with the previous week.
On an unadjusted basis, the Index decreased 17% compared with the previous week.
MBA predicts 2022 will still be a record year for purchase volume
Refi manages to hold steady week-to-week but still shows major year-over-year drop.
InstaMortgage CEO says automation, urgency helped borrower get their refi in record time.
Rapid rise in mortgage rates slows purchase originations and refinances.