Weekly mortgage applications fall 1.7% as interest rates move above 5%

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  • Weekly mortgage applications fall 1.7% as interest rates move above 5%
    Weekly mortgage applications fall 1.7% as interest rates move above 5%
    Other than watching reports of rising interest rates, mortgage lenders and brokers probably weren’t very busy last week. Mortgage application volume fell 1.7 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was 15 percent lower compared with a year ago. Extremely weak demand […]
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