Following Last Interest Rate Cut of the Year, Mortgage Applications Decrease This Week

With the last FOMC meeting and interest rate cuts of the year in the rear-view mirror, combined with typical holiday time slowdowns, economists were not surprised to see a decrease in mortgage applications this week. According to the latest Mortgage Bankers Association (MBA) report, the Market Composite Index—the measure of mortgage loan activity volume—decreased 3.8%…

The post Following Last Interest Rate Cut of the Year, Mortgage Applications Decrease This Week appeared first on RISMedia.

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