Mortgage Applications Stay Flat Amid Rising Rates

MarketsETF Trends

This article was originally published on ETFTrends.com.

The pulse of a subdued housing market was felt as the Mortgage Bankers Association revealed that the volume of mortgage applications remained relatively unchanged last week week, falling by 0.1% versus the previous week. Compared to a year ago, volume is down by 18% and refinances are down more than double that amount at 37%. [...]

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