Weekly Mortgage Applications Fall 2.6% as Rates Move Even Higher
CNBC, Nov. 1, 2017–Diana Olick
Mortgage interest rates moved higher last week, causing borrowers to back away from the mortgage market. “Rates increased last week as speculation over the next Fed chair continued and the European Central Bank announced plans to taper its asset-purchase program, signaling increased confidence in the euro zone economies,” said Mortgage Bankers Association Economist Joel Kan.
