Mortgage News - Feb 25 2022

  • 02/28/22
Mortgage Applications Drop to Lowest Level in Over 2 Years
 
Climbing mortgage rates are hitting both potential homebuyers and refinance candidates. According to the Mortgage Bankers Association, total mortgage applications decreased 13.1% last week to the lowest level since December 2019. Applications to refinance dropped 15% weekly and were 56% lower than one year ago.

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