Higher Interest Rates Send Weekly Mortgage Applications Tanking 10%
CNBC, Sept. 25, 2019–Diana Olick
Higher rates over the last two weeks send mortgage applications into a slide, according to the Mortgage Bankers Association. Applications to refinance a loan, which are highly rate-sensitive, fell 15 percent for the week. Purchase mortgage applications fell 3 percent for the week but were a solid 9 percent higher than a year ago.
