Applications drop, despite falling mortgage rates
Housing Wire
APRIL 28, 2021
Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5% decrease in applications in its latest report for the week ending April 23, 2021. Mortgage applications decreased despite mortgage rates falling for the third week in a row, indicating high prices and low inventory, said Joel Kan, MBA associate vice president of economic and industry forecasting. “Even with a few weeks of lower rates, most borrowers have likely already refinanc
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