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Mortgage Applications Stabilized Despite Last Week’s Higher Rates

Jeannette Thompson

Published 5 months ago

Mortgage applications have been making logical moves recently with higher rates causing a

sharp deceleration in refinance activity. Purchases are off their recent highs as well, but in

much better shape in the bigger picture.

In this week's report, released by the Mortgage Bankers Association (MBA) today, mortgage

rates moved up yet again, setting another new multi-year high. It's no surprise, then, to see

applications fall further, but it's definitely a surprise to see refinances move higher, even if

only microscopically.

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Home Loans, LLC

Company NMLS# 1850117

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Frisco, CO 80443
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