Volatility in the mortgage business: applications drop 6.7%

mortgage

mortgageBy Diana Olick | CNBC

What goes up must come down, especially when it comes to today’s highly rate-sensitive mortgage borrowers.

Total mortgage application volume fell 6.7 percent on a seasonally adjusted basis for the week ending September 25 versus one week earlier, according to the Mortgage Bankers Association (MBA). This, after volume had jumped by double digits the previous week.

Why the volatility?

Continued:

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