The Mortgage Bankers Association’s seasonally adjusted index shows that mortgage application volume fell 3.7% in the week ending September 23.
Refinance application volume dropped 11% to a 22-year low and was down 84% from a year ago.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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Mortgage Demand Drops as Refinances Fall to 22-Year Low
A measure of mortgage demand has continued to sink amid rising interest rates and growing questions about the housing market. So reports CNBC.
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