Weekly Mortgage Applications Fall as Interest Rates Rise to Highest Level in a Month

CNBC, Sept. 27, 2017–Diana Olick
The start of the fall housing market usually offers a nice bump to the mortgage business. Not this year. Mortgage application volume fell 0.5 percent last week from the previous week. Volume on the Mortgage Bankers Association’s seasonally adjusted survey is now 21.5 percent lower than a year ago.