Tag Archives: Feb

Purchase mortgage apps overtake refis Overall, mortgage applications decreased 0.7% for the week ending Feb. 25

It’s official: the mortgage industry has entered a purchase era, with refinance applications declining below 50% of the mix for the first time since June 2019, the Mortgage Bankers Association (MBA) reported on Wednesday. Mortgage applications decreased 0.7% for the week ending Feb. 25, as mortgage rates reached 4.15%. Compared to the same week one year ago, applications […]