Mortgage applications fall as the 30-year FRM edges up
Buying a HomeThe number of mortgage applications filed for the week ending Oct. 5 fell 1.2%, the Mortgage Bankers Associationsaid Wednesday morning. The decline occurred as refinancing activity fell 2% from the previous week. Still, the purchase index rose 2% from a week earlier and increased 12% from year ago levels, suggesting an uptick in homebuyer demand. “Refinance applications declined somewhat last week although volume is still near three-year highs, and purchase applications increased to the highest level since June, with both conventional and government volumes increasing,” said Mike Fratantoni, the MBA’s […]
