Mortgage Activity Continues to Fall as Rates Rise Due to Middle East Conflict

With mortgage rates rising due to higher oil prices from geopolitical tensions in the Middle East, mortgage applications saw another fall this week, according to data from the Mortgage Bankers Association. MBA’s Weekly Mortgage Applications Survey found that the Market Composite Index (a measure of mortgage loan application volume) fell 10.5% on a seasonally adjusted…

The post Mortgage Activity Continues to Fall as Rates Rise Due to Middle East Conflict appeared first on RISMedia.

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