Tag Archives: depressed

Rate hikes haven’t depressed interest in purchase mortgages – yet Overall, mortgage applications declined 6.8% for the week

Interest in residential mortgage loans fell 6.8% for the week ending March 25 as rates jump even closer to the 5% mark, according to the Mortgage Bankers Association‘s latest survey. Few borrowers these days have an incentive to refinance their mortgage. According to the MBA, refi applications fell 15% from the prior week and 60% from a year […]