CAR Market Matters

Talking Points As expected, mortgage rates felt the effect of last week’s surge in long-term interest rates in the final, shortened week of 2017. The 30-year fixed mortgage rate increased 5 basis points to 3.99 percent in this week’s Freddie Mac survey. Although this...

CAR Market Matters

Talking Points Total mortgage application volume fell 2.3 percent last week, the Mortgage Bankers Association says. Applications to refinance led the decline, falling 3 percent.  Mortgage applications to purchase a home fell 1 percent but are 10 percent...

CAR Market Matters

Talking Points Total mortgage applications fell 3.1 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report. Applications to refinance a home fell 8 percent for the week, marking the lowest level since January. They were...
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