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Mortgage applications rise 3.1% as borrowers rush to lock in rates

Posted by   /  March 17, 2017  /  No Comments

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By Diana Olick | CNBC

Mortgage interest rates moved to the highest level since 2014 last week, as the Federal Reserve indicated it will more than likely increase short-term interest rates at its meeting Wednesday.

That lit a fire under homeowners who clearly saw this as a last chance to refinance at the lowest rates.

Total mortgage application volume rose 3.1 percent last week from the previous week. The seasonally adjusted tally from the Mortgage Bankers Association remains 12 percent lower than a year ago, when refinance volume was much more robust.

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  • Published: 3 months ago on March 17, 2017
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  • Last Modified: March 17, 2017 @ 1:33 pm
  • Filed Under: Real Estate

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