Rising Rates Result in Mortgage Application Reversal

With mortgage rates climbing to their highest point since August recently, the role of steadily increasing home purchase application and refinance activity has reversed, with both indexes by the Mortgage Bankers Association (MBA) showing sharp decreases this week. According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan…

The post Rising Rates Result in Mortgage Application Reversal appeared first on RISMedia.

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