Home-Purchase Applications Pulled Back, Refis Up Despite Rate Hike

Mixed signals continue coming from the U.S. housing market, as the Mortgage Bankers Association (MBA) reported this week that home-purchase applications decreased for a second week while refinances increased, even as rates hit their highest point since August of last year. The latest Market Composite Index from the MBA—its measure of mortgage loan activity volume…

The post Home-Purchase Applications Pulled Back, Refis Up Despite Rate Hike appeared first on RISMedia.

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