Mortgage-Rate Spike Doesn't Scare Off Homebuyers, Yet

Mortgage-Rate Spike Doesn't Scare Off Homebuyers, Yet
But MBA's mortgage application index for purchases increased 2% from the prior week, and is up 16% from a year ago, "indicating that homebuyers are not yet dissuaded by the increase in mortgage rates," said Mike Fratantoni, MBA's vice president for …
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Daily Mortgage Rates: Home Purchase and Refinance Mortgage Rates at Chase
Regarding U.S. mortgage applications, the Mortgage Bankers Association (MBA) released the results of its latest mortgage survey last week. According to the data, mortgage application activity in the U.S. edged down 3.3% in the week ended June 14.
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