MBA: Mortgage applications decline further as refinances slide

MBA: Mortgage applications decline further as refinances slide
Although purchase activity remains solid, a drop in refinances contributed to mortgage applications declining further for the week ending May 1, 2019, according to the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said the drop in refinances can be attributed to fewer FHA and VA loan applications, which typically lag the movement of conventional loans.
Source: https://www.housingwire.com/rss