Mortgage Application Activity Dwindles as Rates Move Higher

Home / Blog / Mortgage Application Activity Dwindles as Rates Move Higher

Posted To: MND NewsWire

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. The unadjusted version remained 2.0 percent higher than during the same week in 2017. The Refinance Index fell by 3.0 percent and the share of...(read more)

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

Source: http://www.mortgagen...

8563777c e0d7 4a9f 99ca 15f439c76c6c b82954e1 92b2 425f 9649 1ad55e98e9f6 3ac49ca6 c9f2 4577 9e88 25df3b1d1e6b 71d14ffa f9a3 46a5 9443 bd5497ecfa1b 0c8c2b59 62ad 4ad1 a821 ffea2cfe3f6d 0070d8f0 0f13 4231 92c7 50067df7ce50 64591e41 8fce 43d4 af9b 31cd7e0537f6 762e2f80 062b 4019 b0fd c58ac22dce5c a7e05f39 17d8 493b 9ddd 38d4b3c33558 4685f998 83dd 4acf bc31 cceaad06c435 889bf06c 6f8a 419e 9aad cb1e2a8a3ca3 89a779e7 a5c9 4a90 b435 52b558365aec 2ad62566 c851 43ff 995d ae4306326e9e 17a1f725 b076 48b6 8f79 b34a3a7edf9c 4c57bc16 a263 49ac b8e8 959eca77e62d 1af0d17b 7bb9 4946 a084 43c4b09c1814 49023535 a402 4ff2 8397 e225f7af4869 bd2e04f9 24b6 48aa ba68 449148017beb c9664934 66ed 4885 9fc0 5fd38e29a399 9bfd42a9 74a3 4179 86ba 2ca50712dd22 b9a34ef0 5b7b 44c3 bd21 5e291a9d2c7e 17db34fb 0563 4bad bb6e 94d349ca0ee2 9ebd5f5f 366b 453a 9286 f1ea234b7db6