Mortgage rates rise, apps tank

screen-shot-2016-09-21-at-3-18-39-pmBy Diane Olick | CNBC

Mortgage rates finally broke out of their tight range last week, and borrowers retreated in force.

Total mortgage application volume decreased 7.3 percent on a seasonally adjusted basis from the previous week, according to the Mortgage Bankers Association.

Continued:

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