Relevant:
- Higher interest rates crush mortgage application volume, down 9.4%
- Mortgage applications surge 5.8 percent, as rates briefly dip (BUT LID STILL ON HIGHER-RATE MARKET)
- refinance share of mortgage activity lowest since may
- Mortgage Activity Reflects Unsettled Interest Rates
- Mortgage Application Volume Falls to Pre-Boom Levels
2016-10-13 — cnbc.com
Total mortgage application volume fell 6 percent on a seasonally adjusted basis for the week ended Oct. 7, compared to the previous week, according to the Mortgage Bankers Association.
...
"As incoming economic data reassured investors regarding U.S. growth, and financial markets returned to viewing a December Fed hike as increasingly likely, mortgage rates rose to their highest level in a month last week," said Michael Fratantoni, chief economist at the MBA. "Total and refinance application volume dropped to their lowest levels since June as a result."
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