Mortgage applications fell for the first time in a month as key interest rates increased last week, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending October 18.
Tag: MBA Weekly Applications Survey
MBA Chart of the Week: Refinance Applications by Loan Size
We saw a downward turn in mortgage rates in late 2018, which started when there was a flight to quality in response to concerns about a slowdown in the global economy and trade tensions between the U.S. and China. The drop in mortgage rates led to a revival in the refinance market in 2019.
Mortgage Applications Edge Up in MBA Weekly Survey
Mortgage applications inched up for the third straight week as key interest rates increased marginally, the Mortgage Bankers Association reported this week in its Weekly Mortgage Applications Survey for the week ending October 11.
The Week Ahead
The Mortgage Bankers Association’s Annual Convention & Expo is less than three weeks away.