Mortgage Applications Drying Up Rapidly as Rates Rise, Economy Slows
Mortgage application volume declined again last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, decreased 2.3 percent on a seasonally adjusted basis during the week ended August 12, giving back its tiny gains over the previous two weeks. On an unadjusted basis, the Index lost 3 percent. The Refinance […]