Week-to-week mortgage applications down 8.6%: MBA (Market Watch)
Mortgage refinance activity slows after peaking in the middle of April, while applications for mortgages to buy homes remain steadily on the rise, Mortgage Bankers Association data show. Overall, application volumes are down 8.6% in the week ended May 8 compared to the prior week, while rates charged on fixed-rate loans move lower on the week.
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Mortgage refinance activity slows after peaking in the middle of April, while applications for mortgages to buy homes remain steadily on the rise, Mortgage Bankers Association data show. Overall, application volumes are down 8.6% in the week ended May 8 compared to the prior week, while rates charged on fixed-rate loans move lower on the week.
Read More.. and DISCUSS