Mortgage applications to buy and refinance drop 11%

Interest rates are rising and so are home prices. That is putting pressure on borrowers and buyers alike./Patrick T. Fallon | Bloomberg | Getty Images
Interest rates are rising and so are home prices. That is putting pressure on borrowers and buyers alike./Patrick T. Fallon | Bloomberg | Getty Images

Yahoo Finance

Interest rates are rising and so are home prices. That is putting pressure on borrowers and buyers alike.

Mortgage application volume fell 11.2 percent last week from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association. Volume is up 42 percent compared from the same week one year ago, when rates were higher.

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.