Mortgage Applications Rise 1.6% as Interest Rates Drop to Lowest Level Since September
CNBC, Dec. 12, 2018–Diana Olick
December may be a slow month traditionally for the housing market, but mortgage lenders are suddenly getting busier. A sharp drop in interest rates drove mortgage application volume up 1.6 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
