Weekly mortgage applications drop 3.3%, as spring housing season draws to a close – Real Estate Technique

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The spring housing market is just around the corner and this year it will be more competitive than ever. Rising mortgage rates could mean even fewer homes for sale this spring Home

Weekly mortgage applications drop 3.3%, as spring housing season draws to a close Read more + 07 August 2015 By admin in Mobile , Technology 8 tips on mortgages for first-time home buyers, according to an expert

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Total mortgage application volume fell 3.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

Despite the rate drop, mortgage applications to refinance a home loan fell 7% for the week, although they were 88% higher than the same week one year ago, when interest rates were 72 basis points.