“Applications decreased last week as rising mortgage rates continued to discourage buyers from entering the market and put a damper on purchase activity. The 30-year fixed rate increased for the fourth consecutive week, reaching 6.99%–the highest rate since July 2024." --Joel Kan, MBA’s Vice President and Deputy Chief Economist.

BWE, Cleveland, arranged $76 million to refinance The Carlisle Naples, a Class-A senior living community in Naples, Fla.