Mortgage Applications Fall As Rates Rise
The 30-year fixed rate increased 13 basis points to 6.43%.
The 30-year fixed rate increased 13 basis points to 6.43%.
MBA says as COVID-19 emergency comes to a close, forbearances continue to tick down.
MBA says low inventory continues to 'constrain sales.'
MBA's Market Composite Index increased 5.3% on a seasonally adjusted basis.
Credit remains at its tightest level in a decade.
Annual report says IMBs, on average, lost money on originated loans for the first time in since report was founded in 2008.
The Market Composite Index decreased 4.1% as both purchase and refi applications fell.