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Mortgage Applications down last week

Mortgage News > Mortgage Applications down last week
Date: 01/30/2019    Mortgage Applications down last week

The number of mortgage applications fell in the latest week as mortgage interest rates inched higher, according to data from the Mortgage Bankers Association. The MBA’s index of mortgage application volume fell 3% during the week ended January 30, 2019. At the same time, 30-year fixed rate mortgage carried an average rate of 4.76%, up slightly from 4.75% the week before. That slight change in rates decreased refinance requests by 6% and home purchase applications by 2%.

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