Mortgage applications drop 4.1% over Fed rate uncertainty

mortgage appsBy Diana Olick | CNBC

The mortgage market should be heating up with the spring temperatures, but it’s not.

Despite strong buyer demand in the housing market, mortgage applications decreased 4.1 percent last week from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association.

Despite the drop, they are still 42 percent higher than the same week one year ago.

Continued:

 

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.