According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage application volume inched up by 0.3% in the week ending October 22.
The refinance index was down 2% for the week and 26% from the equivalent period last year.
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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 Edges Up Despite Drop in Refinances
Appetite for mortgages has held steady overall though refinance demand has waned amid rising interest rates. So reports RISMedia.
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