Mortgage Applications Up 8.8% as Buyers Look to Lower Rates
CNBC, Nov. 27, 2016–Olick, Diana
Defying expectations for the start of 2016, mortgage rates spiraled down further last week, spurring more volume in the mortgage market. Total applications increased 8.8 percent on a seasonally adjusted basis last week from the previous week, according to the Mortgage Bankers Association.