Mortgage Applications Dip, Refinance Activity Down Almost 35% as Rates Remain Elevated

As the 30-year average mortgage rates teased 7% this past week, mortgage application activity saw a second-straight week of decreases, down 0.2% from last week’s 2.6% dip, according to the latest Weekly Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending July 5, 2024. Last week’s results included an adjustment for the…

The post Mortgage Applications Dip, Refinance Activity Down Almost 35% as Rates Remain Elevated appeared first on RISMedia.

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