Weekly mortgage applications tank 7.1% as interest rates surge to a near 8-year high

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  • Weekly mortgage applications tank 7.1% as interest rates surge to a near 8-year high
    Weekly mortgage applications tank 7.1% as interest rates surge to a near 8-year high

    The Columbus Day holiday may have closed some lending offices, but rising interest rates are more likely the culprit for weakness in the mortgage market. Total mortgage application volume fell 7.1 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report. There was no adjustment made […]

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