Borrowers were undeterred by the highest interest rates in five months as mortgage applications for home purchases surged 12 percent in the latest week. Home purchase applications are now 19 percent higher than one year ago, the Mortgage Bankers Association reports. “This was despite the fact that mortgage rates reached their highest level since July,” […]
Mortgage Applications Down, Rates Rise
Mortgage applications down, rates rise. Today I read this article from RealtorMag on how mortgage applications tumbled as mortgage rates soar. 15 year fixed at 2.96% and 30 year fixed at 3.78%… Mortgage applications last week dropped 10 percent after rates soared to their highest level since March, the Mortgage Bankers Association reported in its […]