For the week ending October 15, total application volume tracked by the Mortgage Bankers Association's seasonally adjusted index dropped 6.3%.
Refinances fell 7% on the week to their lowest level since July.
Read the full article from CNBC.
-
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.
Estimated reading time: 0 minutes, 17 seconds
Weekly Mortgage Demand Slides 6% as Rates Rise
Mortgage demand for home purchases and refinances has fallen once more amid a recovery in mortgage interest rates. So reports CNBC.
MOST READ STORIES
Fast,Easy & Free
