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“Refinance applications declined for the fourth week as rates increased, bringing the refinance index to its lowest level since July.” –Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.

September New Home Purchase Mortgage Applications Down 16.2%

Mortgage applications for new home purchases decreased 16.2 percent from a year ago, the Mortgage Bankers Association reported Tuesday in its September Builder Applications Survey. From August, applications decreased by 4 percent.

September New Home Purchase Mortgage Applications Down 16.2%

Mortgage applications for new home purchases decreased 16.2 percent from a year ago, the Mortgage Bankers Association reported Tuesday in its September Builder Applications Survey. From August, applications decreased by 4 percent.