mortgage loan Rates Drop to 18-Month Low
The Mortgage Bankers Association weekly report on mortgage applications noted a decrease in the group's seasonally adjusted composite index for the week ending December 12.
The Mortgage Bankers Association weekly report on mortgage applications noted a decrease in the group's seasonally adjusted composite index for the week ending December 12.
The Mortgage Bankers Association says mortgage rates dropped last week to their lowest level since May 2013, but home buyers today are not reacting.
Total application volume fell 0.9 percent from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association.
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications noted a decrease in its seasonally adjusted composite index for the week ending November 7.