Mortgage Applications Drop Despite Lower Mortgage Rates: Industry Is Baffled

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  • Mortgage Applications Drop Despite Lower Mortgage Rates: Industry Is Baffled
    Mortgage Applications Drop Despite Lower Mortgage Rates: Industry Is Baffled

    Summary The MBA Refinance Mortgage Index has reacted in a very muted manner to the lower interest rates this year, after having fallen steadily since October 2017 as mortgage interest rates were rising. Rising interest rates remove one of the economic incentives to refinance a mortgage, while falling interest […]

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