Mortgage Applications Down For Second Consecutive Week
Following weeks on the decline, the refinance index finally saw a bump up, per the MBA
Following weeks on the decline, the refinance index finally saw a bump up, per the MBA
A number of refi and mortgage averages saw their largest weekly declines in months
The news comes just a week after First Guaranty Mortgage Company effectively closed and filed for bankruptcy protection
A variety of popular mortgage and refinance rates decreased this week, with the average 15-year and 30-year down sizable points
Power buyer Orchard also reportedly laid off about 100 employees amid market slowdown
The total number affected will be more than 1,000 workers, with about half moved to different divisions
A number of fixed mortgage rates declined, including the average interest rates for both 15-year and 30-year fixed mortgages
Too soon to feel the impact of this week’s Fed hike, mortgage and refis were on the rise again
Compared to the month prior, apps were down 4 percent
Demand is down to its lowest levels in two decades—and double-digit basis point increases only add fuel to the fire
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