Mortgage Applications Jump 7.1% as Lowest Rates Since Election Send Homebuyers Rushing to Lock In

CNBC, June 7, 2017–Diana Olick
Homebuyers and homeowners saw a rip in the ever-rising interest rate continuum last week and jumped right in. “Purchase application volume increased to its highest level since May 2010,” said Mortgage Bankers Association Economist Joel Kan.