Mortgage Applications Down on Higher Rates

Washington, DC, Sept. 24, 2014 — Mortgage application volume last week fell 4.1% on a seasonally adjusted basis from the previous week, according to the Mortgage Bankers Association.

Refinancing volume fell 7% week-over-week and were down 31% from a year ago.

Purchase applications were down 0.3% for the week and down 16% from a year ago.

The average interest rate for a 30-year fixed-rate mortgage increased to 4.39% from 4.36% the highest rate since May.

http://www.floordaily.net/Flooring-News/Mortgage_Applications_Down_on_Higher_Rates.aspx

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s