Mortgage applications dropped again, falling 0.9% from the previous week, according to the latest report from the Mortgage Bankers Association for the week ending April 30, 2021.

MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan called last week’s mortgage activity “a mixed bag,” between rates, loan sizes, and government purchase applications.

“Mortgage rates were slightly higher, refinance applications were essentially unchanged, and purchase applications fell for the second straight week,” Kan said. “Both conventional and government purchase applications declined, but average loan sizes increased for each loan type. This details ⇒

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