Relevant:
- Mortgage applications surge 5.8 percent, as rates briefly dip (BUT LID STILL ON HIGHER-RATE MARKET)
- Mortgage applications down 6% as rising rates take a toll
- Mortgage Application Volume Sinks as Rates Rise
- Raw Application Volume Rises as Household Apps Retreat
- refinance applications surge as rates keep falling
2016-11-30 — cnbc.com
The highest interest rates in well over a year are putting a dent in the mortgage business. Total mortgage application volume fell 9.4 percent last week versus the previous week, on a seasonally adjusted basis. The Mortgage Bankers Association adjusted the weekly reading to account for the Thanksgiving holiday. Volume was 0.5 percent lower than the same week one year ago, the first annual drop in total volume since January.
...
Refinance volume has been falling steadily as rates rise, but it took another sharp drop, down 16 percent for the week, seasonally adjusted. Refinances are most rate sensitive and are now down 3 percent from a year ago, when rates were not much different than they are today.
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