Borrowers Brush Off Rising Rates, Pushing Mortgage Applications 2.5% Higher
CNBC, Dec. 21, 2016–Olick, Diana
Homebuyers are taking baby steps back into the mortgage market. “Borrowers may have gotten applications into their lender in advance of the FOMC announcement, as most observers anticipated an increase in the Fed’s rate target at the December meeting,” said Mortgage Bankers Association Chief Economist Mike Fratantoni.
