Stock Jitters and Higher Interest Rates Drive Weekly Mortgage Applications Down 4.1%
CNBC, Feb. 14, 2018–Diana Olick
Last week’s wild ride in the markets and another rise in interest rates were likely the cause of a 4.1 percent weekly drop in mortgage application volume. The seasonally adjusted count from the Mortgage Bankers Association was just 3.5 percent higher than a year ago.
