Mortgage Applications Down 4.4%, Average Loan Size Reaches 36-Year High

Mortgage applications declined for a second week in a row as economists point to economic uncertainty and geopolitical tensions continuing to weigh on activity and drive mortgage rates up. 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 4.4% on…

The post Mortgage Applications Down 4.4%, Average Loan Size Reaches 36-Year High appeared first on RISMedia.

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