MBA: Uptick in mortgage rates slows purchase application growth

MBA: Uptick in mortgage rates slows purchase application growth
A recent uptick in mortgage rates resulted in a slight decline of purchase applications, according to the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said although borrowers were sensitive to rising rates, the refinance share of applications still remained at its highest level since January 2018.
Source: https://www.housingwire.com/rss