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Fewer Mortgage Applications Amid Rising Rates

Fewer Mortgage Applications Amid Rising Rates

by Phil Hall | May 17, 2023 | Current News & Events, Industry Updates, Mortgage Information, Real Estate News, WRE News Exclusive

Mortgage application activity slowed last week as rates continued to rise, according to new data from Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, a measure of mortgage loan application volume, was down by 5.7% on a seasonally adjusted basis...
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