Steady Rates Spur Rise in Mortgage Applications
This article was originally published on ETFTrends.com.
Mortgage applications got a much-needed boost last week as interest rates held steady amid rising home prices. According to the Mortgage Bankers Association’s seasonally-adjusted report, a 4.2% rise in mortgage applications came, but volume was 15% lower. However, rates may be on the move as the minutes of the Federal Reserve’s last policy meeting suggest [...]