General World News

Mortgage applications slide 2.7% in last week of 2021

Mortgage applications decreased 2.7% from two weeks earlier, according to the Mortgage Bankers Association survey for the week ending Dec. 31, 2021.

The results include adjustments to account for the holidays. The holiday adjusted Refinance Index decreased 2% from two weeks ago and was 40% lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 4% from two weeks earlier.

Mortgage applications increased 2% the week prior, largely due to an increase in Federal Housing Administration refinances.

“Mortgage rates continued to creep higher over the past two weeks, as markets maintained an optimistic view of the economy,” said Joel details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com