Mortgage Applications Up 3% on Lowest Rates in Three Years
CNBC, June 22, 2016–Olick, Diana
Mortgage rates fell to their lowest level in three years, sending borrowers back to the bank to refinance home loans. “Rates fell on concerns that Britain may vote to leave the European Union later this week,” said Mortgage Bankers Association Vice President of Research Lynn Fisher. “Although beliefs about the likelihood of an exit have since moderated, the ‘Brexit’ vote promises to bring continued volatility to markets.”
