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As interest rates spike to a near 8-year high, weekly mortgage applications drop 7.1%

October 17, 2018 by Jason Shortes Leave a Comment

Mortgage application volume fell sharply to 7.1 percent for last week based on a survey from the Mortgage Bankers Association's latest report ending October 12, 2018, still the data did not factor in the Columbus Day holiday. Home loan refinance applications were down 38.1 percent lower than a year ago and fell 39.0 percent from the week before. Rates have incrementally moved … [Read more...]

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