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Mortgage Applications Rise on Lower Rates: MBA

Tuesday, Sep 17 2019
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As U.S. home mortgage rates dipped to new three-year lows, mortgage applications to buy or refinance a home increased in early September, the Mortgage Banking Association’s weekly data show. So reports Reuters.

!--more-->According to the MBA’s seasonally adjusted index, total mortgage application volume rose by 2% to 569.8 in the week ended September 6. For 30-year fixed-rate mortgages, the average interest rate dipped by 5 basis points to 3.82%, the lowest since November 2016.

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