Mortgage demand plummets 11% as 30-year fixed rate rises to 6.3%
MBA dats shows mortgage applications fell 10.9% as the 30-year fixed rate hit 6.3%, while the purchase index rose 1% week over week.
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Refinance volume jumps, boosting mortgage application activity
MBA data shows purchase application activity remains relatively strong, running 18% ahead of last year’s pace.
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