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Rising Rates Finally Make a Dent in Mortgage Apps

(Mortgage News Daily) - 5 months, 2 weeks ago
 Posted To: MND NewsWireMortgage activity suffered its first downturn of 2018 last week, breaking a three-week winning streak. The Mortgage Bankers Association (MBA) reports that applications for both refinancing and purchasing were lower on a seasonally adjusted basis during the week ended January 26. An adjustment to account for the Martin Luther King Holiday during the week ended January 19 sent unadjusted index numbers soaring by double digits. The Market Composite Index, a measure of overall...
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