Monday, August 22, 2016

Mortgage applications fall 4% even as rates sit near record lows

http://www.msn.com/en-us/money/realestate/mortgage-applications-fall-4percent-even-as-rates-sit-near-record-lows/ar-BBvIIrM

Mortgage rates have been so low lately that it is not shocking we are not seeing gains.

Even with mortgage interest rates sitting near record lows, mortgage applications failed to make any gains last week.

Total application volume decreased 4 percent on a seasonally adjusted basis for the week from the previous week, according to the Mortgage Bankers Association.

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