Tag Archives: jumbo loans

Rising Interest Rates Result in Fewer Mortgage Applications

Fewer applications were filed due to the increase in mortgage rates, which hit record highs, according to the Mortgage Bankers Association. For the week ending November 8, applications fell 1.8% and again by 2.89% the previous week. Refinancing applications decreased 2.3% and 3.9% the week before. Last week, the purchase index dropped by 0.5%; two […]