Weekly Mortgage Applications Rise as Rates Briefly Fall Back
CNBC, Nov. 15, 2017–Diana Olick
Homeowners took advantage of a pullback in interest rates at the beginning of last week, hoping to refinance before the next rise. “Additional developments surrounding the administration’s tax-reform plan pushed rates lower at the beginning of the week, but this was effectively offset by news of stronger economic growth in Europe,” Mortgage Bankers Association Economist Joel Kan said.
