Weekly Mortgage Applications Tank 7.1% as Interest Rates Surge to a Near 8-Year High
CNBC, Oct. 17, 2018–Diana Olick
Total mortgage application volume fell 7.1 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report. There was no adjustment made for the holiday. Volume was 15 percent lower compared with the same week one year ago.
