Last week's jump in U.S. Treasury rates sends nation's refinance activity into decline

Last week's jump in U.S. Treasury rates sends nation's refinance activity into decline
Mortgage rates climbed to a seven-week high over the last several days, driving the nation’s refinance activity into decline, according to the Mortgage Bankers Association’s weekly Mortgage Applications Survey. That being said, the MBA indicates the nation’s purchase activity soared, as the index increased for the third straight week to the highest reading since July.
Source: https://www.housingwire.com/rss