Home purchase mortgage applications were down 10% from a year ago and up 1% for the week, according to the MBA.
Along with higher mortgage rates, homebuyers also contend with record low supply and lofty prices.
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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 Refinance Demand Tumbles 60%
Higher mortgage rates seem to have hit mortgage demand as refinance applications for the week ending March 25 were down 60% from a year ago and 15% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. So reports CNBC.
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