Mortgage Applications Slip 10% as Rates Rise

Last week, mortgage applications slipped 10% after rates soared to their highest level since March, according to the Mortgage Bankers Association’s weekly mortgage market survey for the week ending May 17.  Applications for refinancing fell 12%, while applications for home purchases dropped just 3%.  Applications for home purchases were still 10% above levels for the same week a year earlier.
Read article – Realtor Magazine

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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