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Mortgage Applications Drop Off in Latest Week

Mortgage News > Mortgage Applications Drop Off in Latest Week
Date: 06/28/2018    Mortgage Applications Drop Off in Latest Week

Total mortgage applications fell 4.9% in the latest week, according to the Mortgage Bankers Association (MBA), led by a 6% drop in home purchase applications. Refinance loan requests fell by 4% and now make up 37.6% of all applications, up slightly from 36.8 % the week before.

As mortgage rates continue to rise, now is still a great time to get a mortgage before rates leave behind their historic lows. 

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