Mortgage applications experienced a 2.6% decline, attributed to an increase in interest rates. The decrease was observed on a seasonally adjusted basis for the week ending June 28. This development comes as a notable shift in the industry landscape, impacting both lenders and potential homebuyers.
Key points:
– Mortgage applications dropped by 2.6% due to higher interest rates
– Decline occurred on a seasonally adjusted basis for the week ending June 28
– Industry experts are closely monitoring these fluctuations for potential implications
You can read this full article at: https://www.housingwire.com/articles/mortgage-applications-dropped-as-rates-moved-higher-last-week-mba/(subscription required)
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