Mortgage Applications Tank 9% as Post-Election Rates Soar

CNBC, Nov. 16, 2016–Olick, Diana 

A sharp spike in interest rates following Donald Trump’s election threw cold water on the mortgage market. “Following the election, mortgage rates saw their biggest week-over-week increase since the ‘taper tantrum’ in June 2013,” said Mortgage Bankers Association President and CEO David Stevens, CMB.