‘Frozen Out’: Refinancers Retreat as Rates Rise

Data tracking home purchase and refinance applications showed decreases in both indexes again this week in the wake of ongoing economic uncertainty and steadily rising mortgage rates.  According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases and refinances—decreased 0.8% on a seasonally…

The post ‘Frozen Out’: Refinancers Retreat as Rates Rise appeared first on RISMedia.

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