Mortgage application volume wasn't as stellar as it was last week as rates climbed slightly, but it was still up across the board on an annual basis.
Mortgage application volume wasn't as stellar as it was last week as rates climbed slightly, but it was still up across the board on an annual basis. Mortgage rates had seen six weeks of declines before inching up slightly last week, which shows how rate-sensitive refinances are. Applications to purchase a home were down 4% since last week, but they were also 4% higher than a year ago.
In my neck of the woods home prices are sky high! Lower interest rates are more than offset by the crazy prices they are asking for homes.
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