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mortgage loan Rates Rise for 2nd Straight Week

The latest Mortgage Bankers Association report on mortgage applications noted a week-over-week decrease in the seasonally adjusted composite index for the week ending February 13.

Mortgage apps plunge as rates hit highest level of year

Mortgage interest rates rose to their highest level since the beginning of this year, and mortgage volume reacted in the opposite direction. Loan applications fell 13.2 percent for the week ending February 13, according to the Mortgage Bankers Association. Total volume is still 14 percent above where it was a year ago, when interest rates were considerably higher.

Higher rates lead to drop in mortgage applications

It didn't take much to stem the miniboom in mortgage refinancing. Slightly higher interest rates brought total loan application volume down 9 percent last week, according to the Mortgage Bankers Association …

mortgage loan Rates Ticked Higher Last Week

The Mortgage Bankers Association report on mortgage applications noted a week-over-week decrease in the group’s seasonally adjusted composite index for the week ending January 23.