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Tag Archives: Weekly Mortgage Applications Survey

Refi Volume Slips 86% Year-Over-Year

As fixed-rate mortgages continue to edge toward 7%, the MBA reports refinance volume has dropped off nearly 90% from last year’s totals, as both refinancing and home purchase apps declined and fell further behind last year’s record levels.

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Pace of Refis Falls to 22-Year Low

Continued inflationary burdens, and mortgage rates hitting 14-year highs have driven down mortgage applications this week, as the Fed continues to raise rates to combat a volatile economy.

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