Mortgage volume stalls with rates
Total application volume fell 0.9 percent from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association.
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.
Even a small rise in mortgage rates was enough to cut off the spigot on refinances.
The MBA weekly report on mortgage applications noted a decrease in the group's seasonally adjusted composite index for the week ending October 31.
Even a small rise in mortgage rates was enough to cut off the spigot on refinances.