Mortgage applications drop 5.1 percent as rates rise despite Fed cuts

The Hill - Oct 9, 2024

Mortgage applications dipped earlier this month as rates have been on the rise following a strong September jobs report. Recent data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey showed mortgage applications saw a 5.1 percent drop in the first week of October. “In the wake of stronger economic data last week, including the...

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